New Plan for T-Mobile

T-mobile has a new plan to lure customers away from rival companies.

The carrier announced yesterday it will pay early termination fees for those willing to switch from a-t-and-t, sprint or Verizon.

Under the deal, customers can receive up to $650 in credit after trading in a phone.

However customers must also buy a new phone from T-mobile.

It's the latest move under T-mobile's so-called "uncarrier" strategy, which eliminates contracts.

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