T-Mobile is pushing to grab as many customers from rival networks as it can. The carrier is offering folks money from each rival network to make the switch, but Sprint customers are getting a lot more.
T-Mobile is offering up to $200 to Sprint customers to jump ship to the dark side. The interesting thing about this deal is that it is not limited to postpaid customers only, so those on prepaid can also take advantage of it.
The new announcement came days after the number three carrier in America said it was moving to give away three months of unlimited data to most of its customers for free. T-Mobile then added that the Sprint deal will be followed by similar deals aimed at both Verizon and AT&T.
Should the gamble T-Mobile will be taking work out, the company could end the year with more new subscribers than previously thought. However, T-Mobile's stock fell by 2.5 percent — the same day it rolled out its big credit plan for Sprint customers.
Now, the $200 deal might sound great to consumers, especially the Sprint subscribers who are planning to switch. However, the move has not gone down well with investors. They are keeping a close eye on things since many of them do not believe T-Mobile can sustain this business model for the long term.
In talking about the new announcement, T-Mobile's CEO John Legere made a statement, and in it, he also made some sly remarks at Sprint.
"I cannot think of any wireless customers in more desperate need of some holiday cheer than those Sprint customers still hanging on over there. Those poor people have put up with the nation's slowest and smallest LTE network, and their carrier throwing out a deal-of-the-month for everyone except them."
He went on to say that Sprint customers will love T-Mobile when they switch networks, so the plan for this holiday season is to remove all barriers in ways only the Un-carrier can, which he also described as the speediest 4G LTE network in America.