T-Mobile is going to pay your termination fees if you switch to them
One of the biggest nuisances of signing a contract with telecommunication carriers is dealing with the early termination fees (ETFs) involved with switching. However, T-Mobile is making is encouraging people to switch to them. T-Mobile will now cover your early termination fee if you switch to them. T-Mobile is also going to give people that switch to them an instant credit on old phones for up to $300.
T-Mobile CEO John Legere made the announcement about the new service at CES on Wednesday. T-Mobile will even send a “breakup letter” to their carrier online with a body that contains content like “Welcome to DumpsVille. Population: You.”
Legere said that T-Mobile added 1.6 million net customers for the quarter, which is 60% more than Q3. T-Mobile added 4.4 million customers in 2013 as a whole.
Legere said that T-Mobile has the fastest 4G LTE network and has the data to prove this. The data has been taken from Ookla and their Speed Test app.
Legere even said that he was planning to send a cease-and-desist letter to AT&T for their ads that show that they have the fastest LTE network.
Legere said that family plans are “total horses**t… nothing more than a contract on super steroids with staggered dates—a complete life sentence.” He added that “Sprint is a pile of spectrum waiting to be turned into a capability. Right now, their network is completely horrible.”
Here is how it works:
Starting tomorrow, customers from the three major national carriers who hand in their eligible devices at any participating T-Mobile location and switch to a postpaid Simple Choice Plan can receive an instant credit, based on the value of their phone, of up to $300. They then purchase any eligible device, including T-Mobile’s most popular smartphones, now priced at $0 down (plus 24 monthly device payments for well-qualified customers). After customers get the final bill from their old carrier (showing their early termination fees), they either mail it to T-Mobile or upload it to www.switch2tmobile.com. T-Mobile then sends an additional payment equal to those fees, up to $350 per line. Trade-in of their old phone, purchase of a new T-Mobile phone and porting of their phone number to T-Mobile are required to qualify.
Last week, AT&T announced that they would be giving T-Mobile customers up to $450 in incentives to switch to them. Clearly AT&T was in defense mode in anticipation of T-Mobile’s announcement.
T-Mobile is planning to acquire over $3 billion worth of 700MHz A-Block spectrum licenses from Verizon Wireless soon. Verizon needed to sell off some of their spectrum to gain approval for a separate spectrum purchase.