Editor's Note: For a change, this daily commentary is going up outside the paywall.
T-Mobile USA announced a plan to allow customers to upgrade mobile handsets every six months in the latest instalment in its Uncarrier strategy to brand itself as the customer-focused mobile telecom operator in the US. I believe the totality of T-Mobile's moves will transform the TMT space significantly in the next few years. This move will add to that momentum.
At the end of this post are a slew of reports on what T-mobile announced yesterday. The overall gist is that right now, you pay a discount price for a handset because of mobile carrier subsidies. The carrier locks you in to an expensive 2-year contract to make that subsidy work so that you not only end up paying just as much for the phone through ...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.