Jefferies: T-Mobile could lose 50,000 subscribers to Sprint during the fourth quarter

Jefferies: T-Mobile could lose 50,000 subscribers to Sprint during the fourth quarter
Wall Street trading house Jefferies believes that Sprint's current promotion might finally slow down the T-Mobile juggernaut. The deal allows AT&T, T-Mobile and Verizon subscribers to jump to Sprint, while paying just half of their current monthly invoice. This is the second time that Sprint has offered a 50% deal, although it left T-Mobile subscribers out the first time around. With customers of the third largest U.S. carrier now allowed to take part, Jefferies expects Sprint to swipe 50,000 T-Mobile subscribers in the fourth quarter.

That reduces the brokerage house's estimate of net new adds for T-Mobile for the fourth quarter. Jefferies now expects T-Mobile to add 900,000 net new subscribers for the three month period, down from its previous estimate of 950,000. The carrier has recorded ten consecutive quarters with at least 1 million new customers on a net basis, so that streak is in jeopardy. Jefferies says if it is right and T-Mobile loses 50,000 subscribers to Sprint during the quarter, it would be the result of a "misstep by T-Mobile" rather than due to the success of Sprint's new half-off campaign.

T-Mobile responded to the deal with an offer to reward Sprint subscribers who port over their numbers to T-Mobile, by giving them $200 in credit per line moved. But Legere and crew hardly put any effort into promoting that deal, which expired yesterday. What makes this so interesting is that earlier this year, T-Mobile finally surpassed Sprint to become the third largest carrier in the U.S.

You have until January 7th, 2016 to sign up with Sprint to qualify for the 50% deal. And Sprint will still cover your new phone balance or ETF up to $650 per line. To get that money, you will have to turn in your current phone and buy a new one from Sprint. New subscribers will pay the discounted invoice rates until early January of 2018

source: FierceWireless



1. talon95

Posts: 1004; Member since: Jul 31, 2012

Al least state this properly. "Sprint will lose 50000 less customers to Tmobile" since Tmobile won't actually lose any net customers and still steal in the neighborhood of 300,000 from Sprint.

11. engineer-1701d unregistered

100% guarantee Sprint will loose 50,000 people because they suck I had them for 15 years. only place that may get people will be areas that have lte-a

2. talon95

Posts: 1004; Member since: Jul 31, 2012

Keep in mind Sprint offers half as much for half the price. No 4G roaming in North America, No international data, No unlimited high speed for the next 3 months, No Binge On, No Jump on Demand. So it's no wonder that it's not worth half as much.

7. Austiniter

Posts: 22; Member since: Dec 06, 2015

Right, Sprint doesn't come close to T-Mobile's services and everyone knows Sprint's little tactics for planting 'add-ons' to customers bills.

9. technitude

Posts: 263; Member since: Dec 19, 2013

Binge On = Anti-Net Neutrality. I wouldn't brag about it. Otherwise, Binge On is a subset of Unlimited Data. T-Mobile should have called it "Unlimited Data from SOME Sites". Sprint offers "Unlimited Data from ALL Sites". Even then, T-Mobile entitles themselves to drop it, while their new customers will still tied up in their phone contracts. - And you mentioned international data, can you use it in abroad? No! Also Jump On Demand... read the details: If you cancel wireless service, remaining payments become due & you must return working device. $0 upfront applies to 16GB iPhone 6s only. So, except for the worst iPhone, you have to pay for a phone up front, then make payments on it; while they continue to own it. - So, after you leave, you still owe T-Mobile money and you have nothing to show for it. - - - Why brag about that program? I don't dislike T-Mobile, but the big thing is, I ski, and only Verizon and Sprint provide service throughout most of the Colorado ski resorts (Sprint has the largest texting area, Verizon the largest Voice area), AT&T is not great (but it seems like they have service from the top of each lift.) T-Mobile's service is DANGEROUSLY bad, it fails within a few hundred yards of the resort town (and we go mountains deep into the resorts). In the past, I was notified of a bad "resort closing" storm, when my (AT&T) friends couldn't be reached. We all got to the front mountain, before we got trapped (thanks to my Sprint service & then our handheld radios). Of course, the lift operator also told us. But last year, we took over an hour to get down, because we skied through the trees. Everyone was counting on my phone.

12. pronto69

Posts: 1; Member since: Dec 08, 2015

LOL. Let's see... Binge On= Unlimited video from "some" sites for people that DON'T pay for unlimited high speed data. You always have the option of paying for the UNLIMITED high speed data so you can use ALL sites. How is this not a benefit? So you expect to be able to buy a phone, make a couple payments, leave and keep the phone? It's a wonder how skiers survived before cell phones. Furthermore, everyone that skiis in Colorado should rush out and get a Sprint phone because their life depends on it. The entitlement of people nowadays never....I mean always amazes me.

15. downphoenix

Posts: 3165; Member since: Jun 19, 2010

wrong on a few accounts. 1) Who offers 4G roaming in US? Seriously? Who 2) Sprint Open World and Global Roaming plans. Look them up. Free for all customers, even no credit check. 3) True but that is just a holiday gimmick, and Sprint has their own. 4) You mean anti-Net Neutrality? Or how Sprint is the only major carrier that has publically backed Net Neutrality? 5) Iphone Forever, and some plans do allow annual upgrading.

3. ajac09

Posts: 1482; Member since: Sep 30, 2009

Sprint sucks. I rather see Tmobile win.

13. maximuslyricus

Posts: 6; Member since: Dec 07, 2015

I believe we all win if Sprint succeeds. I like the fact that T-mobile is attempting (and succeeding on a modest level) at keeping the other carriers honest. We need another healthy wireless carrier in the field to stimulate competition. My hope is that Sprint will evolve into another strong disruptive element to the duopoly of Verizon and AT&T.

4. joevsyou

Posts: 1093; Member since: Feb 28, 2015

50k potential idiots

5. technitude

Posts: 263; Member since: Dec 19, 2013

Have to admit, last time I was in a Sprint store, there were a bunch of T-Mobile customers weighing their options. But we'll see. I actually was there to inquire if I could switch to T-Mobile, then back to Sprint and get half off a T-Mobile bill. They said the promotion would be over before I was eligible. So, still either staying with Sprint or heading to Project Fi.

6. Austiniter

Posts: 22; Member since: Dec 06, 2015

Sprint's offer doesn't even come close to what T-Mobile is offering. Plus an individual is stuck into a 24 month lease with Sprint. Sprint does not offer call roll-over, plus Sprint has always included unknown 'new charges' into their monthly billing whereby it takes weeks for customers to get their bills straightened out. I'd rather use 2 cans strung together to make calls with before I'd ever utilize Sprint's bad service. T-Mobile will ultimately win.

14. maximuslyricus

Posts: 6; Member since: Dec 07, 2015

T-mobile's plans are good for the customer and industry in America as whole, but as compared to other industrialized nations, even T-mobile is still getting over on the American consumer. Wireless networks, service and especially the value is exponentially better in parts of Asia and Europe. Even with all the "perks" that T-mobile offers, it is still dealing with smoke and mirrors comparatively. For example, sure my mom and wife have unlimited LTE data (which all Americans should have, and is very possible but for corporate greed), but they are only using roughly 1-2 gigabytes per month. My people, just like most of us, use WiFi probably 75-95 percent of the time, so all the BingeOn and other perks are substantially minimized. Moreover, none of us hardly ever leave the country, so all the international roaming is really immaterial. Admittedly, the ending of contracts and ETFs have been huge pluses, as well as EIPs as opposed to cellular service contracts, so in that sense I love what T-mobile is doing. It just needs to go that extra mile, and do so for ALL of its customers, regardless of those (what I'll refer to as) artificially tiered plans. Plus, the service really does lack outside of urban areas (of which I can attest to as I get no bars inside my home, whereas I get a consistent signal with Sprint when I checked my brother-in-law's phone). I can't really say anything more about Sprint, but I do get service inside my home. This, to me, may be worth the switch. But, if I have to pay activation fees, I will keep my three lines with T-mobile and will advise my mother and sister to do the same.

16. downphoenix

Posts: 3165; Member since: Jun 19, 2010

1) Call roll-over, lol. Sprint's plans are unlimited, who needs rollover? 2) What "new charges" are you talking about? If you're referring to premium service charges, T-Mobile is guilty of that too, they had to recently do a settlment due to cramming charges.

8. Fire5

Posts: 315; Member since: Feb 13, 2015

Lol... #6

10. maximuslyricus

Posts: 6; Member since: Dec 07, 2015

I love T-mobile, but there service is not stellar where I am and my home does not get a signal, so I rely on WiFi, which sometimes has issues playing well with sending texts. As such, I'm considering Sprint. I absolutely will NOT pay activation fees however. If they will waive activation fees, I may give them a shot for a couple of years. Perhaps by then T-Mobile will begin deploying some lower band spectrum. Even if they have only purchased it, depending upon how Sprint treats me, I may jet if Sprint isn't competitive on the price. The ball is in Sprint's hands.

17. atlvideoguy

Posts: 74; Member since: Feb 24, 2012

Come on we all know the only way sprint can get newer subscribers is by cheapest prices then once you had them for a year or too you realize they're full bs everytime they talk about upgrading they're over sold network.

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