Ting is a very popular mobile virtual network operator (MVNO) and this means that it sells cellular services to consumers without actually having its own cellular network. At the time being, their subscribers with a GSM phone use the T-Mobile network while subscribers with a CDMA phone are connected to the pipeline of Sprint. Today, Elliot Noss, the president and CEO of Tucows that is the parent company of Ting. He announced a major reorganization that Ting will not renew its MVNO contract with T-Mobile when it expires December 19, 2019, due to the merger proposed by the operator with Sprint. Noss also states that the merger should have been completed so far, and since it hasn’t been closed yet, there are several financial questions that need to answer first.
Ting has exclusively extended its agreement with Sprint until September 2020 and will sign a new MVNO agreement with Verizon. The additional year he now has with Sprint will give the company the opportunity to see how all things settle with the T-Mobile-Sprint merger and allows Ting to determine what is in their best financial interest. The company has over 250,000 subscribers at the last count. These subscribers can access their account, see its use, check past invoices and communicate with customer service through the Ting mobile app. The app is available from the Apple App Store for iOS devices and from the Google Play Store for Android devices.
Thanks to the additional costs associated with the migration of customers from T-Mobile to Verizon and it must be completed by December 19, 2020 and low performance in the mobile sector and fines for operators, Tucows has reduced the EBITDA guide in cash of 2019 (earnings before interest, taxes, depreciation, interest, and amortization) from $62 million to $52 million.
Ting Sells Some First-Rate Phones Like The Apple iPhone XS And The Samsung Galaxy S10+
First announced on April 29, 2018, the $26.5 billion mergers between T-Mobile and Sprint is pending approval by the Department of Justice and the Public Utilities Commission of California. There is also a lawsuit pending trial in October, presented by 14 state attorneys general trying to block the transaction. Both companies have already extended the deadline for closure from 28 April 2019 to 29 July and it seems that another extension will be necessary.
Ting seems not to offer any rate plans like other wireless service providers. Instead, subscribers choose the number of lines they need, paying $6 per line. The monthly bill depends on the number of calls and text messages that are made on all lines along with the amount of data consumed during the month. You can create alerts and limits to alert customers and limit the amount of data used and calls and text messages made during a billing cycle. And for those snobs on the phone, there’s no need to worry. Ting sells premium phones like the Apple iPhone XS Max and the Samsung Galaxy S10 +.
(Via: Fierce Wireless)
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