T-Mobile’s contract freedom, company pays early termination fees if you quit Verizon, Sprint or AT&T
So it is true after all. Believe it or not but T-Mobile actually did what we heard it would do but thought it might be just some crazy rumor. On Wednesday, January 8, T-Mobile CEO John Legere took the stage and announced UnCarrier 4.0 otherwise known as ‘Get Out of Jail Free Card.” As it was speculated, the next phase of T-Mobile’s UnCarrier plan indeed involves paying early termination fee, a healthy sum of money for your old phone, brand new phone for $0 down and even help in crafting a break-up letter to your former carrier: Verizon, Sprint or AT&T.
UnCarrier 4.0: Get Out of Jail Free Card
The idea behind UnCarrier 4.0 phase is very similar to what AT&T offers T-Mobile customers for switching networks. The main difference here is how much each carrier is willing to give. AT&T offers up to $450 for switching carriers, while T-Mobile is ready to spend as much as $650 on each line. The numbers speak for themselves. If you want to take advantage of T-Mobile’s offer, all you have to do is follow a few simple steps.
First, you trade-in your old phone for which you can get up to $300 depending on its value. Then you choose a new phone from T-Mobile’s ample portfolio and don’t pay even a single penny upon purchase because most devices are now for $0 down. Of course, you will still have to pay off the whole value of the phone which will be spread over a 24-month period of time, but the point is that you don’t pay anything upfront.
Finally, you take care of business with your soon-to-be former carrier and send the final bill which includes early terminations fees to T-Mobile. The Magenta network will reimburse the whole cost as long as it does not exceed $350.
If you want to say goodbye to your former carrier in a fancy way, T-Mobile will write a break-up letter and share it on Facebook or Twitter.
more info: T-Mobile News Room