My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Technology

T-Mobile 'Sticks It' to Competition, Will Cover Early Termination Fees

Former Staff Writer
2 min read
Opinions expressed by Entrepreneur contributors are their own.

T-Mobile is doubling down on its commitment to unshackle consumers from the ironclad cell phone contracts that have become an industry standard.

The company, which has dubbed itself the "un-carrier," will pay early-termination fees of up to $650 -- on up to five total lines -- for individual customers or families who opt to trade in their devices and port their numbers to T-Mobile's service network.

In pursuit of so-called "contract freedom," T-Mobile will offer up to $300 for every device that is exchanged and up to $350 to cover termination fees.

This is not the first time that T-Mobile has sought to break away from competitors like AT&T, Verizon and Sprint, who operate on binding and penalty-laden two-year agreements.

Related: T-Mobile Eliminates International Data Fees for Individuals and Businesses

Last October, T-Mobile announced that it would eliminate international roaming fees by offering unlimited data and texting abroad in over 100 countries while offering a global flat rate of 20 cents per minute on voice calls.

T-Mobile's CEO, John Legere, is relishing in the company's latest news and therein his own cementing status as an industry rebel.

After crashing -- and being unceremoniously kicked out of -- an AT&T party at CES on Monday, he announced the company's latest initiative onstage in Vegas yesterday while clutching a Red Bull in an expletive-ridden rant.

"This industry blows," he said of T-Mobile's competition. "You'll see how easy it is to tell them where to stick it."

Legere also noted that T-Mobile -- the fourth largest carrier in the world -- added 4.4 million new users in 2013, making it the fastest-growing wireless company in America. 

Related: After Snapping Up Sprint, SoftBank Sets Sights on T-Mobile

Once Only for Huge Companies, 'Web Scraping' Is Now an Online Arms Race No Internet Marketer Can Avoid