Some T-Mobile Users Get Placed On Pricier Plans Automatically: Report
Portfolio Pulse from Nabaparna Bhattacharya
T-Mobile US, Inc. (NASDAQ:TMUS) is reportedly moving some subscribers to more expensive 5G plans unless they opt out. The affected rate plans include T-Mobile ONE, Magenta, Magenta 55 and Simple/Select Choice. Many customers will be moved to the carrier's Go5G brand, which starts at $75 monthly per phone line. Following this news, TMUS shares are trading lower by 1.65%.
October 18, 2023 | 2:44 pm
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T-Mobile US, Inc. (NASDAQ:TMUS) is moving some subscribers to more expensive 5G plans. This news has led to a 1.65% drop in TMUS shares.
The news of T-Mobile moving some subscribers to more expensive 5G plans unless they opt out is directly related to the company. This could lead to customer dissatisfaction and potential loss of subscribers, which could negatively impact the company's revenues and profitability. This is likely the reason for the 1.65% drop in TMUS shares.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100