

June 15, 2012 08:00 ET
No-Contract Phone Market Gains Steam
NOTE TO EDITORS: The Following Is a Research Alert Issued by Century Capital Research
NEW YORK, NY--(Marketwire - Jun 15, 2012) - A USA Today article on the emerging pre-paid phone market highlights that Verizon Wireless (VZ), AT&T (T) and other major wireless carriers are focusing on a class of customers they once largely ignored: bargain hunters with a fear of commitment. Major carriers "are focusing on pre-paid as a growth engine," says analyst John Weber of IDC. The research firm estimates the pre-paid market will grow 7.4% a year on average until 2016.
Along with pre-paid cell phones, pre-paid landline carriers are making headlines with offering no contract phone service to homes and businesses. Providers of local telephone services like Everybody's Phone Company (
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