No there are many service providers that offer no contract cell phone services. There are Trak phones and Verizon and At&t also offer these types of plans.
I personally use Virgin Mobile. It runs on the Sprint network and has great service. There are also many other no contract cell providers like TracFone, Cricket, Att Go Phone and a few others.
No, the contracts are all designed with an early termination fee to ensure they make a profit. No one would buy out that contract as it would result In financial loss.
Three reasons:
1. Money
2. More money
3. Not losing money
In the beginning, it was simply a source of revenue if a customer decided to cancel their contract- greed. (That part is my...
"The top two phone companies, Verizon and AT&T, have the best variety of mobile phones. Both have the top level smart phones as well as more affordable, simple phones."