The practice is well known among cell phone providers – early termination fees in that industry run from $150 to $240 per line, according to the group. The goals of the fees are largely the same – to cut down on “churn,” the process of customers dumping one service provider to pursue greener pastures with another.
This is a tough and ridiculous choice for consumers. Sometimes moving to another ISP is not going to save you immediate cash if there is a huge fee like that slapped on. Nice blackmail.
Source: IB Times