T-Mobile: Early Termination Fee? No Problem. We'll Pay It If You Swap

Image: T-Mobile: Early Termination Fee? No Problem. We'll Pay It If You Swap

Thursday, 09 Jan 2014 05:06 PM

By David Ogul

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
T-Mobile is trying to prove that breaking up isn’t hard to do as it launches a new program paying early termination fees if you switch to their phone service from another carrier.

The country’s No. 4 carrier said this week that customers can collect up to $650 in credit after trading in their phone if they switch carriers.

Urgent: Do You Approve Or Disapprove of President Obama's Job Performance? Vote Now in Urgent Poll

T-Mobile’s chief executive, John Legere, said the company is making the move because the industry is “just broken,” The New York Times reported. “What we are gong to do is force the industry to get healthier.”

T-Mobile last year eliminated roaming fees that can add up for customers who use their phone or data services in foreign countries. It also allows customers to upgrade their phones after just six months.

The latest move enables customers to trade in their smartphone for up to $300 in credit while collecting $350 for each line that comes with a termination fee.

T-Mobile’s offer comes after AT&T said it would offer a $200 credit to T-Mobile customers who switch. It also offered up to $250 for those customers who trade in their old phones.

Legere, who made the T-Mobile offer public at the Consumer Electronics Show in Las Vegas, said AT&T’s deal will benefit his company.

“If it doesn’t work, they’ll pay you to come back,” he said, according to The Huffington Post.

T-Mobile, the website reported, said it added nearly 1.7 million customers in the fourth quarter of 2013, up from a little more than 1 million net additional customers in the third quarter.

USA Today says T-Mobile’s nationwide 4G LTE network spreads across 273 metro areas to reach 209 million people. It added 4.4 million customers in 2013.

T-Mobile says 4 out of 10 families are reluctant to switch carriers because of hefty termination fees.

Editor's Note: ObamaCare Is Here. Are You Prepared?

Related Stories:

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Cambodia HIV Outbreak: 100-Plus People Diagnosed; Investigation Sought

Friday, 19 Dec 2014 18:50 PM

More than 100 HIV infections in a single Cambodian village have spurred the country's prime minister to ask for an inves . . .

Slender Man Case: Two Girls Competent to Stand Trial in Stabbing

Friday, 19 Dec 2014 18:26 PM

Two girls who allegedly stabbed a 12-year-old friend over the online game Slender Man are competent to stand trial for a . . .

Kate Upton Sexiest Woman Alive; Model Apologizes to Teen Brother

Friday, 19 Dec 2014 17:52 PM

Model Kate Upton was selected as People magazine's first Sexiest Woman Alive, a month after Chris Hemsworth received the . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
©  Newsmax Media, Inc.
All Rights Reserved