Verizon officially announces contract-free service

Verizon Wireless has announced that, starting today, it is offering consumers the ability to use its service without signing a one or two year contract. Customers that sign up for the new month to month service have the option of either paying the full retail price for purchased cell phones or they can bring their own compatible CDMA handset with them from another carrier.

Since there are no contracts to sign, customers can end their month to month agreement without any early termination fee at the end of each monthly period if they so choose. All normal Verizon voice and data plans are now available without a contract.