Two-year contracts and early termination fees to be discontinued.
Wireless carrier T-Mobile is purportedly preparing to end phone contracts in an effort to better compete with its competitors.
According to an internal memo obtained by TmoNews, T-Mobile could announce its "uncarrier" plans during March. The decision would remove two-year contracts, early termination fees and traditional phone subsidies, consequently allowing customers to purchase new devices via a monthly installment plan.
The memo in question also apparently reveals that T-Mobile intends to market its HSPA+ and forthcoming LTE network as "dual 4G" technology amid its merger with MetroPCS. The re-branding initiative is due to commence on March 24.
Back in December, T-Mobile CEO John Legere discussed alternative options to compete with Verizon and AT&T. He said during Deutsche Telekom’s annual investor conference that "we think there is a huge room for a carrier to change in a way that the larger players will choose to or will not be able to respond to."