T-Mobile (TMUS) Pays You $350 to Switch Carriers

NEW YORK (TheStreet) -- At its CES press conference T-Mobile (TMUS) announced the fourth phase of its "Uncarrier" strategy that will offer credit towards the early termination fees (ETFs) from other carriers.

Shares of the carrier rose 0.5% to $33.37 Wednesday.

Starting Thursday, Jan. 9, T-Mobile will offer up to $350 per phone to customers who trade in a phone from another carrier and sign up with T-Mobile. That should cover the ETF for Verizon (VZ), AT&T (T) and Sprint (S) customers looking to switch to the fourth-place carrier.

In order to get the credit new customers must trade in their phone, transfer a phone number over to T-Mobile, and sign up for a new T-Mobile plan. Customers then have to send proof of their ETF to T-Mobile either through the carrier's dedicated website or by mailing a bill directly to T-Mobile.

TMUS Chart
TMUS data by YCharts

More from Markets

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home