News

Sprint latest phone company to launch early upgrade plan

Sprint latest phone company to launch early upgrade plan

Photo: Associated Press

NEW YORK (Reuters) – Sprint Corp on Friday joined its three biggest rivals in offering an early upgrade option for smartphones, and it promised savings greater than those available from its competitors.

Sprint, the No. 3 U.S. mobile provider, will allow customers who pay for their phones in installments to upgrade their devices every 12 months, instead of the two years allowed under existing plans.

The company said customers participating in the new plan, called One Up, will pay $15 per month less than its standard service fees for unlimited talk, texts and data.

It also said customers choosing its upgrade option will pay up to $45 a month less than they would for comparable offerings from AT&T and Verizon.

Sprint did not immediately say how much it will charge per month for the smartphone on top of its service fees.

T-Mobile US, the No. 4 U.S. mobile provider, first offered an upgrade plan earlier this year and Verizon Wireless and AT&T Inc followed suit in the summer. But, AT&T and Verizon have been criticized for charging their customers too much.

All these installment plans are aimed at reducing carriers’ costs as well as satisfying consumers who do not want to wait two years to upgrade.

The new Sprint plant was reported earlier this week but not confirmed by the company until Friday.

Recent Headlines

in Viral Videos

WATCH: Truck vs. Tree

17-overlay

Witness the power!

in Weird

The bicycle bank bandit gets busted

bank

Federal prosecutors in Missouri say Shaun Christopher Becker robbed six banks and used a bicycle as his getaway ride.

in Music

Deryck Whibley is a married man

The Sum 41 rocker exchanged vows with his fiancée Ariana Cooper.

in Music

Jack White to play on Colbert’s ‘Late Show’

jackwhite

Jack White's band The Dead Weather are to give their first live performance in five years.

in Trending, Viral Videos

TODAY’S MUST SEE: One wild ride

20-overlay

This is one way to get around ... but it seems like people are doing more and more dangerous stuff while wearing a camera.