Telecoms made $37 million last year charging to unlock cellphones – Business – CBC News
Canadian telecoms made a total of $37.7 million last year by charging customers to unlock their cellphones. That’s a whopping 75 per cent jump in this source of revenue compared to 2014.
Telecoms often order locked phones from manufacturers that are programmed to work only with their service. Then they charge a fee — typically $50 — to unlock the phone if a customer wants to switch providers.
The charge is unpopular with consumers. It has even been referred to it as a ‘ransom fee.’
Read the full article here: Telecoms made $37 million last year charging to unlock cellphones – Business – CBC News
