Sprint Plans to Resurrect Two-Year Service Contract
Phenny Lynn Palec | | Feb 29, 2016 05:17 PM EST |
(Photo : Reuters) Sprint has started releasing the Android 6.0 Marshmallow update for Samsung Galaxy Note 5 devices.
United States network provider Sprint is planning to resurrect the two-year service contract after it decided to ditch it earlier this year.
"We listened to our customers and are giving them more choices to get their new device. Sprint is the only carrier to offer the most choices to obtain a new device - lease, installment bill, two-year contract or pay full retail price," Sprint spokeswoman Michelle Leff Mermelstein told Fierce Wireless.
Like Us on Facebook
Sprint's official website now gives customers four options when acquiring a new phone. Interested customers can either lease the device, pay the price of the device in monthly installment plans, sign a 24-month service contract, or pay the full price of the device upfront.
Through Sprint's pricing scheme, customer can avail a 16GB iPhone 6S for a full price of $649.99, $199.99 through a two-year contract, $27.09 per month for 24 months through installment and $26.39 in under the leasing mode.
The decision to reinstate the 24-month service contract came as a surprise for the tech community since Sprint ditched the two-year contract scheme in January. Sprint joined other tier-one carriers in discontinuing the service contracts in hopes of attracting more subscribers.
T-Mobile was the first to dump the two-year service contract scheme way back in 2013. The decision was widely criticized at that time and was considered by many market analysts as a sort of desperate move for the company. However, since ditching the two-year service contract scheme, T-Mobile had slowly moved up the ranks in the tier-one mobile network battle.
Competitors like Verizon and AT&T realized the big potential of the model and quickly followed suit - dumping the two-year contract model in 2015. Verizon ditched the practice in August 2015, while AT&T and Sprint both stopped offering contracts early in January.
TagsSprint, Sprint news, two-year contract, mobile, mobile network, Sprint contract
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?