If you’re a T-Mobile customer with an older wireless plan, brace yourself for some bad news. According to documents obtained by The Mobile Report, your plan rates are going up by $2 to $5 per month.
What’s Happening & Why This Matters
This applies to customers with Simple Choice, ONE, or Magenta plans. The new fees may cause a monthly increase of up to $20 for those with four lines. On the bright side, the Go5G plan and T-Mobile’s Price Lock guarantee will not be impacted by the price hikes. Furthermore, the Mobile Report mentions that older T-Mobile and Sprint plans may also see similar increases due to T-Mobile’s acquisition of Sprint in 2020.
In response to the announcement, T-Mobile reaffirms its commitment to providing the best value and a top-quality 5G network but acknowledges the need for small adjustments to the prices of the oldest rate plans. T-Mobile is following similar rate price hikes from other major carriers. Earlier this year, AT&T raised the cost of its unlimited plans, while Verizon increased the monthly price of its 5GB Get More phone lines.
TF Summary: What’s Next
T-Mobile customers facing a price increase have the option to switch to new plans, which could save them money. T-Mobile raising rates is the price for operating a top-tier mobile network. Similar industry prices fluctuations keep mobile networks scalable and extensible for its millions of subscribers. This is the price of doing business that hopefully does not alienate customers.