Verizon has responded to the FCC’s inquiry with some vague excuses. They say they’re justified in charging a fee that ends up being far higher than the difference between the actual cost of a phone and the subsidized price. What they don’t address is why they need to charge such a fee, especially if the contract is cancelled many months in. If you’re relying on contract cancellation fees to pay for your network, well, I don’t think you need an MBA to figure out why that ain’t good business.”]
Source: https://gizmodo.com/verizon-defends-350-early-termination-fee-to-the-fcc-5431184