T-Mobile USA Inc to sell Apple Inc.’s (NASDAQ:AAPL) Iphone- VZ, T, PCS
Northern, WI 03/27/2013 (avauncer) - T-Mobile USA Inc., the U.S. unit of Deutsche Telekom AG (ADR) (PINK:DTEGY), based in Bonn, Germany, announced that it will commence sales of Apple Inc.’s (NASDAQ:AAPL) iPhone on an installment basis, beginning in April. The plan will be a departure from the industry standard of requiring customers to enter into long-term contracts in order to acquire phones such as the iPhone.
The change, announced by T-Mobile USA Inc., will see iPhones offered to qualified customers for an initial $99.99 and $20 monthly payments. Phone service for the iPhone offered through the company will start at $50 per month for unlimited calling plus a data plan of 500 megabytes. The company believes this plan will remove some of the obstacles and burdens from acquiring new mobile devices by providing the same product at a lower price to consumers.
The company is also in the process of rolling out its long-term evolution technology. Also known as LTE, the company is offering speedier service in seven current markets, including Baltimore, Maryland, Houston, Texas, Kansas City, Missouri, Las Vegas, Nevada, Phoenix, Arizona, San Jose, California and Washington, District of Columbia. Offering LTE will place T-Mobile USA Inc. in league with the likes of rivals Verizon Communications Inc. (NYSE:VZ) and AT & T Inc. (NYSE:T).
T-Mobile USA Inc. is hoping to complete a pending deal to merge with MetroPCS Communications Inc (NYSE:PCS), the Richardson, Texas wireless telecommunications provider. Shareholders of MetroPCS Communications Inc will consider the merger on April 12. Shares of T-Mobile USA Inc.’s parent Deutsche Telekom AG (ADR) closed at $10.68, trading down by 1.58%.