As rumored, T-Mobile announced at CES 2014 today the details of their Uncarrier 4.0 plan. T-Mobile will pay your early termination fee if you agree to switch from your current carrier and move to T-Mobile.
From the T-Mobile News Release:
In its latest move, T-Mobile is eliminating one of the last remaining obstacles for individuals and families wanting to switch from AT&T, Sprint or Verizon to the Un-carrier by offering to pay off their early termination fees. With an eligible phone trade-in, the total value of the offer to switch to T-Mobile could be as high as $650 per line.
“We’re giving families a ‘Get Out of Jail Free Card,’ said John Legere, president and chief executive officer of T-Mobile. “Carriers have counted on staggered contract end dates and hefty early termination fees to keep people bound to them forever. But now families can switch to T-Mobile without paying a single red cent to leave them behind.”
Beginning tomorrow, customers from Verizon, Sprint, or AT&T will be able to hand in their eligible devices at any participating T-Mobile location and switch to a postpaid Simple Choice Plan. They’ll receive an instant credit, based on the value of their phone, up to $300. They then purchase any eligible T-Mobile device, including T-Mobile’s most popular smartphones, which are available for $0 down, and 24 monthly payments.
Once a customer gets their final bill from their previous carrier, which will include their early termination fees, of course, they then either mail it, or upload it to T-Mobile, and T-Mobile will send an additional payment equal to the termination fees, up to $350 per line. Customers are required to trade-in their old phone, purchase a new T-Mobile phone and port their phone number to T-Mobile in order to qualify.
T-Mobile hasn’t forgotten their current customers to move to a Simple Choice plan, offering to move them over without any migration fees. A current customer under contract will need to trade in their current device, purchase a new T-Mobile device, and switch to Simple Choice. In addition to the waiving of a migration fee, the company will also eliminate the existing annual service contract for that line.
Simple Choice Plans start with one line at $50 per month for unlimited talk, text and Web with up to 500 MB of 4G LTE data.
For more information, visit the T-Mobile website.