Apple Expands iPhone Carrier List With nTelos
NEW YORK (TheStreet) - As Apple (AAPL) looks to sell even more iPhones in the United States, it's reaching out to more wireless partners, including a small telecom company in Virginia.
NTelos (NTLS), a regional telecom provider, is going to sell the iPhone for less than its larger rivals, like AT&T (T) and Verizon (VZ).
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The company, which boasts a subscriber base of just 400,000, will start selling the selling the iPhone on April 20 for $50 less than AT&T or Verizon. The 16 GB version of the iPhone 4S will sell for $150, the 32 GB will be priced at $250, and the 64 GB device will go on sale for $350. In addition, nTelos will also sell an 8 GB version of the iPhone 4 for $50. Verizon has more than 100 million subscribers, as does AT&T.
NTelos CEO and President Jim Hyde was positive on finally getting the iPhone to his network. "iPhone 4S offers an abundance of new features, and with our industry-leading, nationwide smartphone plans, customers can now enjoy the nation's best networks for less," Hyde said in the company press release.
In an effort to win market share, nTelos will offer two unlimited data plans for iPhone users. The first plan is $79.99 per month and offers 600 minutes per month, plus unlimited data and texting, while a $99.99 per month plan offers unlimited minutes. Amidst a broadly lower market, shares of Apple are off 1.56% to $619.53, while nTelos is off 2.71% to $20.09. Interested in more on Apple? See TheStreet Ratings' report card for this stock. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices. --Written by Chris Ciaccia in New York >To follow the writer on Twitter, go to http://twitter.com/commodity_bull. >To submit a news tip, send an email to: tips@thestreet.comSelect the service that is right for you!
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