T-Mobile has confirmed that it will start officially selling the iPhone in about three to four months, though the carrier declined to disclose details about its agreement with Apple (NASDAQ:AAPL). Chief executive John Legere told Reuters in an interview that the company would also enforce its plan to get rid of phone subsidies at the same time.
“They’re all, I would call them, in three to four months as opposed to six to nine months,” Legere said while at the Consumer Electronics Show.
Should you buy or sell Apple’s stock ahead of earnings this month? Our 20-page proprietary analysis will help you save time and make money. Click here to get your SPECIAL REPORT now.
On Tuesday, the Deutsche Telekom unit had announced that despite not being an official Apple partner carrier, it had almost 2 million iPhones operating on its network, with more than 100,000 new activations coming every month. T-Mobile’s chief technology officer Neville Ray added through a statement that the company’s first LTE market will roll out in Las Vegas over the next “two to three weeks.”
Eliminating mobile phone subsidies may give T-Mobile an additional of 5 percent or higher, Legere estimated, because the plan would give customers more flexibility and lower service prices than those of rivals such as AT&T (NYSE:T) and Verizon (NYSE:VZ). “If the old industry structure chooses to ignore what we do,” he said, “That’s a potential.”
T-Mobile is set to merge with current rival MetroPCS (NYSE:PCS) in the second quarter of the year and is currently awaiting regulatory approval on the deal. Legere added he was looking at further mergers as well, including a potential relationship with satellite provider Dish Network (NASDAQ:DISH) or smaller rival Leap Wireless (NASDAQ:LEAP).