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The prepaid cellular services cell phone industry's stance on prepaids is hardly surprising, since such phones represent a $9 billion-a-year industry with 30 million users in the U.S., and that market is growing, said, a telecom analyst at in New York.
The traditional cell phone market, in which customers sign one- or two-year service contracts, is nearing saturation. As a result, lots of carriers are looking to go in this (prepaid) direction.
Prepaids are convenient, affordable and a viable alternative to entering into a lengthy contract that requires a credit card.
"There's no bill, no contract and no problems, And consumers have just as many options as the other phones.
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