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Verizon, Apple partner to swap out corporate-owned phones for 5G iPhones

The companies said the "Fleet Swap" program can be used to replace a business' corporate-owned devices from Verizon or other carriers at 'zero upfront cost, with zero to low cost per month.'

Apple CEO Tim Cook poses with the all-new iPhone 12 Pro at Apple Park in Cupertino, California. Photo: Reuters
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Apple CEO Tim Cook poses with the all-new iPhone 12 Pro at Apple Park in Cupertino, California. Photo: Reuters

Stephen Nellis |Reuters
Apple Inc and VerizonCommunications on Thursday announced a program in which Verizon will subsidize the replacement of corporate customers' entire fleet of smartphones with any of Apple's iPhone 12 models.Verizon Business, the corporate-focused arm of Verizon running the program, and Apple did not provide financial details of the arrangement, which applies to Apple's first family of phones with 5G networking capabilities. 

The companies said the "Fleet Swap" program can be used to replace a business' corporate-owned devices from Verizon or other carriers at "zero upfront cost, with zero to low cost per month." Unlike previous generations of networks, 5G networks come

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First Published: Nov 20 2020 | 1:44 AM IST

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