Top cell-phone provider might ditch 2-year contract

DENVER (CBS4) – Techies and bloggers are abuzz at the prospect of T-Mobile getting rid of its requirement for two-year phone contract.

No official announcement has come down from the company, but some insiders say it’s just a question of time. CBS4 Money Saver Suzanne McCarroll wanted to know the chances of other companies doing the same thing.

Companies may look at the idea of getting rid of all two-year contracts if that’s what consumers are demanding. Right now most major companies require a two-year contract. By signing, customers receive a sizable discount on their phones. Yet consumers dislike the two-year commitment.