T-Mobile US, Inc (NYSE:TMUS) continues to stir the competition within the wireless telecommunication industry. The fourth largest wireless carrier in the United States improved its Jump program with unlimited device upgrade, which means users are allowed to upgrade their smartphones earlier, whenever they want–no need to wait for six months starting February 23.
In an e-mailed statement, T-Mobile US, Inc (NYSE:TMUS) said, “whenever you’re ready to upgrade, trade in your device and T-Mobile will pay your remaining device payments up to 50% of the device cost. There is no more waiting period or limit to the number of times you can upgrade per year.”
Users who are considering to upgrade their smartphones to the upcoming Samsung Galaxy S5, HTC One 2, or even the rumored iPhone 6 this year must take note of the requirement set by T-Mobile US, Inc (NYSE:TMUS). That is, a user must have already paid at least 50% of the cost of the mobile device to be able to upgrade to a new one. If not, the user needs to pay the remaining balance from what was already paid to come up to the required 50% of the cost of the device.
Such requirement is similar to the Edge plan offered by Verizon Communications, Inc (NYSE:VZ), wherein customers who already paid off one half of the cost of their device will be able to upgrade to a new one.
The existing customers of T-Mobile US, Inc (NYSE:TMUS) under the Jump program who are willing to wait for six months before upgrading their mobile phone are covered—no money down. T-Mobile users under the Jump program will receive the updated version of their plan on the 23rd of this month. The plan also includes tablets.
It is also important to take note that T-Mobile users under the Jump program are paying an extra $10 a month for wireless insurance and Jump upgrade. Many users are attracted to switch to T-Mobile US, Inc (NYSE”TMUS) because of the fact that it is offering unlimited talk, text, and data and its 4G LTE coverage expanded to most major metro areas across the country.
T-Mobile US, Inc (NYSE:TMUS) made its Jump program better after Verizon Communications, Inc (NYSE:VZ) rolled out its “More Everything” plan on Thursday. Under the new plan, Verizon Wireless increased the amount of data offered to customers. For example, users under the $40 plan for smartphones with unlimited talk, text and 500 MB of data will now have 1GB of data. In other words, Verizon doubled the amount of data offered to customers on select plans. The company also included other offerings with the plan such as international data and text messaging and 25 GB cloud storage for $3 a month.