Verizon is planning to eliminate the one-year contract option on Sunday.
However, two-year contracts and monthly options will still be available for mobile phones. Verizon says it’s making the change because most customers prefer the two-year deal and paying less for their device. In another move, Verizon may be introducing a new month-to-month prepaid plan. “DroidLife” has received a draft circular that shows users can get unlimited voice and text for 50-dollars a month and unlimited data for another 30-dollars a month.