There was a leak a little earlier that as part of T-Mobiles "Un-carrier 4.0" event T-Mobile would start paying your early termination fees if you switched from AT&T, Verizon or Sprint to T-Mobile. T-Mobile's president John Legere announced a "get out of jail free card" from other wireless carriers, so customers on family plans can save hundreds of dollars by switching. According to T-Mobile themselves here's how it works:



Starting today, customers from the three major national carriers who hand in their eligible devices at any participating T-Mobile location and switch to a postpaid Simple Choice Plan can receive an instant credit, based on the value of their phone, of up to $300. They then purchase any eligible device, including T-Mobiles most popular smartphones, now priced at $0 down (plus 24 monthly device payments, for well-qualified customers). After customers get the final bill from their old carrier (showing their early termination fees), they either mail it to T-Mobile or upload it to www.switch2tmobile.com. T-Mobile then sends an additional payment equal to those fees, up to $350 per line. Trade-in of their old phone, purchase of a new T-Mobile phone and porting of their phone number to T-Mobile are required to qualify.
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While this has been tried in the past by other smaller local carriers it is a great step in the right direction for the wireless industry as a whole. It might seem crazy for T-Mobile to promise that much money (up to $650 per line) but you have to remember that most people who will want to switch probably have a year or less on their account, and not all phones are eligible for the full $300, so the numbers won't be so high for most customers. What matters is that if someone really wants to leave a carrier, T-Mobile will foot some of the bill to make it easier.
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If you want to see the entire T-Mobile press release you can check it out here.</p>

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VIA </p>