According to an insider source, Verizon is set to launch ‘contract free’ plans on September 21, 2008.  Stipulations require that you either pay for a phone in full – no subsidies – or bring your own equipment.  The user must pay an activation fee, no exceptions, and go through a credit check.

Signs intriguing, but I always thought cell phone companies lose money on people unless they stick around over 12 months?  Perhaps the activiation fee will be much higher than the standard $35 to help offset initial costs.

[BGR]