Economics C'ttee cancels cellphone exit fees
By GAD PEREZ, LILACH WEISSMAN/GLOBES
November 24, 2010 15:16
The Knesset Economic Affairs Committee Wednesday decided to cancel the fines for cancelling cellular telephone contracts. These fines usually appear in the fine print of the contract a subscriber signs with the mobile operator when purchasing a cellphone. Fines can reach thousands of shekels, and in many cases cause consumers to stay shackled to the mobile operator until the termination of the contract period.
After the decision, Economic Affairs Committee chairman MK Ophir Akunis (Likud) said, "The cellular companies keep consumers captive through the exit fines. This is an unacceptable absurdity. Cancellation of the fines is a necessary step toward a consumer revolution in the cellular market that will be reflected by lower prices."