CRTC says three-year device-financing plans violate the wireless code
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DARRYL DYCK/The Canadian Press
Canada’s telecom regulator says device-financing plans that spread the cost of a smartphone over three years and force customers to pay any outstanding amounts before switching carriers violate the wireless code, which was designed to allow consumers to change providers every two years without penalties.
Canadian wireless providers offer monthly instalment plans that allow consumers to buy smartphones that can cost more than $2,000.