T-Mobile US Inc. (NASDAQ: TMUS) has announced that it is giving its popular plans a makeover, making changes to its T-Mobile One and One Plus offerings. T-Mobile is phasing out One and One Plus and rebranding them as Magenta and Magenta Plus, respectively. While One and One Plus will no longer be available for new customers, T-Mobile won’t require existing customers to switch to the new plans.
While the prices aren’t changing for the plans, some of the features are. For example, customers who sign up for the Magenta plan will get 3GB of 4G LTE hotspot data per line. A high-speed hotspot was not offered with T-Mobile One. 4G LTE speeds can reach download speeds of 50 megabits per second or higher, much faster than 3G speeds, which typically do not exceed 512 kilobits per second.
Changes are also coming for the plans’ Netflix offerings. In 2017, T-Mobile made standard Netflix accounts that allowed two simultaneous video streams part of its unlimited data plan. Last January, Netflix raised the price of these accounts by $2 a month.
T-Mobile has decided that it will no longer be covering the price hike. Starting in July, T-Mobile customers will have to make a choice: Pay an extra $2 per month on their wireless bill or downgrade to a “basic” Netflix account, which includes one stream instead of two.
In another announcement, the company unveiled a new promotion to match discounts given by some of its biggest rivals. Beginning on June 2, the company will match corporate, affiliate, military and senior discounts “dollar for dollar” in $5 increments. The discount match must happen in a T-Mobile store and will be limited to $15 per month for one line and $30 for two or more lines.