T-Mobile nixes down payments, ups monthly fees

Jul 26, 2013 by Anick Jesdanun

(AP)—T-Mobile is eliminating down payments on new phones, but it is increasing the price for some models through higher monthly payments.

Normally, T-Mobile charges a down payment for a phone and monthly installments until the device is paid off in two years. In dropping the down payment, some phones will be cheaper. Customers will save $30 overall for Samsung's Galaxy S4 under the promotion. The iPhone 5 will be $2 cheaper. But the HTC One will cost $40 more.

T-Mobile says it's revising prices to reflect demand and other factors.

T-Mobile US Inc. says its limited-time promotion begins Saturday. It's a response to new upgrade plans from AT&T and Verizon, which carry higher fees for phones but waive the down payment. T-Mobile hasn't announced an end date for the promotion.

Explore further: At a Glance: Internet TV options

Related Stories

T-Mobile gets rid of contracts for cellphones

Mar 25, 2013

(AP)—T-Mobile USA, the struggling No. 4 cellphone company, is ditching plans centered on familiar two-year contracts in favor of selling phones on installment plans.

Recommended for you

Bloomberg blames 'internal network issue' for global outage

Apr 17, 2015

Bloomberg LP's trading terminals, which are used by most of the world's biggest financial firms, went down for a few hours Friday due to apparent technical problems, a crash that prompted the British government to postpone ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.