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AT&T extends iPhone upgrade period to two years

AT&T is extending mobile phone upgrade periods from 20 months to a full two years, according to Engadget. The news was obtained from a corporate memo leaked to the site. Previously, smartphone owners could upgrade their contract phones after 20 months, but now those owners will need to wait a full two years to upgrade phones bought on a contract.

The move by AT&T follows a similar one by Verizon a few months ago. The new upgrade period goes into effect immediately for all new contract subscribers and also for all current subscribers whose terms finish in March or later.

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