Verizon gets on board with device upgrade plan

first_img Previous ArticleMicrosoft takes $900M charge on tablet misstepsNext ArticleWeak Europe takes its toll on Vodafone numbers Amazon reels in MGM The largest operator in the US, Verizon Wireless, has followed AT&T and T-Mobile in announcing a tariff that enables consumers to upgrade to a new handset during the standard two-year contract, an expected response to its rivals.Under the Verizon Edge plan, a consumer must pay the retail cost of a phone in 24 monthly installments, alongside their monthly service change. However, an upgrade to a new phone is possible after six months if 50 per cent of its retail cost has been paid off by the user.After the old phone has been handed in, the consumer is not due for any more payments on it, and starts the same process again with a new device.Unlike AT&T and T-Mobile, the Verizon scheme is also available for featurephones and not just smartphones.Despite speculation to the contrary, Verizon Edge does not require any additional subscription beyond a consumer’s existing subscription.However, the Verizon Wireless plan, which launches 25 August, has been criticised for offering insufficient inducement for consumers to change tariff.“You’d have to be out of your mind,” to accept this offer, said Moffett Research analyst Craig Moffett in a Bloomberg report.“The plans Verizon and AT&T are talking about where they’re cutting subsidies upfront without lowering the service price are unlikely to have any impact in the market whatsoever,” he said.Speaking at yesterday’s results, Verizon CFO Fran Shammo said the new plan would not impact future financials. He did not expect a large percentage of customers to opt for the tariff.Shammo’s comments were covered by The Verge, whose report was linked to by John Legere, T-Mobile’s frequently outspoken CEO, with the tweeted comment: “What! We actually agree? They all want Jump [T-Mobile’s equivalent tariff]. Verizon CFO doesn’t think most people will sign up for Edge”. Home Verizon gets on board with device upgrade plan AT&TServicesT-MobileVerizon Related Author Verizon shuffles executives Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including… Read more Verizon sorts sensor supremo Richard Handford Tags AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 19 JUL 2013 last_img read more

Toni Morrison, revered author, dies at 88

first_imgDeborah Feingold/Corbis via Getty Images(NEW YORK) — Toni Morrison, the renowned author best known for the Pulitzer Prize-winning novel Beloved and for being the first African American woman to win the Nobel Prize in Literature, died Monday night, her publicist and family confirmed Tuesday.Morrison had been at the Montefiore Medical Center in New York at the time of her death, according to her publicist. She was 88.The cause of death was not immediately clear, but her family said she had “a short illness.”“She was an extremely devoted mother, grandmother, and aunt who reveled in being with her family and friends,” the Morrison family said in a statement. “The consummate writer who treasured the written word, whether her own, her students or others, she read voraciously and was most at home when writing. Although her passing represents a tremendous loss, we are grateful she had a long, well lived life.”“While we would like to thank everyone who knew and loved her, personally or through her work, for their support at this difficult time, we ask for privacy as we mourn this loss to our family. We will share information in the near future about how we will celebrate Toni’s incredible life,” the statement added.Morrison’s decades-long writing career spanned from 1970 to 2019, including treasured novels The Bluest Eye and Song of Solomon. Her work delved into the black experience in America, specifically that of black women in the country.Among her plethora of accolades, she was awarded a Pulitzer Prize for Fiction in 1988 for Beloved and the Nobel Prize in Literature in 1993. Morrison was presented with the Presidential Medal of Freedom by former President Barack Obama in 2012.Her longtime editor, Robert Gottlieb, remembered Morrison in a statement as both “a great woman and a great writer.”“And I don’t know which I will miss more,” he added.After graduating from Howard University in 1953, Morrison went on to break ground as the first African American editor at Random House from 1967 to 1983, where she published work from black writers including Toni Cade Bambara, Angela Davis, Gayl Jones and Henry Dumas, among many others, according to the company.Beyond writing and editing, she worked as a part-time teacher of creative writing and literature at her alma mater as well as at Yale University, SUNY Purchase, Bard College, Rutgers University, SUNY Albany and Princeton University.Most recently, she was the subject of a new documentary, Toni Morrison: The Pieces I Am. Filmmaker Timothy Greenfield-Sanders spoke with Morrison on her legacy and impact on future writers beyond what she left on paper for readers.Famously, Morrison once said, “We die. That may be the meaning of life. But we do language. That may be the measure of our lives.”Copyright © 2019, ABC Radio. All rights reserved.last_img read more