T-Mobile (NASDAQ: TMUS) today introduced TVision™ Home, a rebranded and
upgraded version of Layer3 TV. TVision Home is launching in Chicago,
Dallas-Fort Worth, Los Angeles, New York City, Philadelphia, San
Francisco, and Washington, D.C. metro areas, as well as Longmont, CO,
with other markets coming later this year. The Un-carrier is also
launching Satellite Freedom and will pay off early contract termination
fees for Dish and DirecTV customers, up to $500 via prepaid card, when
they switch to TVision Home. T-Mobile also announced that Netflix and
other streaming
apps will be available on TVision Home, and the Un-carrier shared
plans for TVision to run on popular third-party TV platforms in the
future.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190410005523/en/
Meet T-Mobile TVision Home: BS-Free TV That Learns You (Photo: Business Wire)
Following on its deal
with Viacom last week, T-Mobile also announced they will launch
nationwide streaming services later in 2019 as the Un-carrier brings its
disruptive approach – listening to customers and solving their pain
points – to cable & satellite TV (aka the Cableopoly).
“The Un-carrier has already changed wireless for good… and today’s news
brings us one step closer to taking on Big Cable,” said John Legere, CEO
of T-Mobile. “And with the New T-Mobile, we can do more than just offer
home TV service … we can offer millions of Americans more choice and
competition for TV AND home broadband. I can’t wait to begin un-cabling
cable and giving millions the opportunity to cut the cord with Big Cable
forever.”
Meet TVision Home
TVision Home builds off the
innovations in Layer3 TV and delivers an upgraded, premium TV experience
for the 74% of American households still using traditional cable or
satellite TV. TVision Home delivers what customers want most from
high-end home TV with more HD premium channels available than anyone
else, and the most 4K channels included at no additional cost. That’s
275+ available channels and over 35,000+ On Demand movies, shows and
more, plus on-screen social content, a personalized home screen and DVR
for each user, smart speaker voice control with Amazon Alexa or Google
Assistant, and even access to your security cameras.
Check it out! www.youtube.com/watch?v=rDvWfmBUPF8
-
TV That Learns You: Traditional
TV is completely impersonal, but TVision Home changes all that with an
AI-driven personalized UI that gets smarter the more you watch. And it
remembers more than what you watch…it remembers when you
watch it, and where you watch it, serving up your favorite
shows based on the hour and location. -
Personalized Experience for the Whole Family:
TVision Home boasts a personalized experience for everyone in the
house, with an individual DVR, home screen and profile for every user,
so you record only the shows you want – multiple programs at
once! You get a massive 1 terabyte of storage – that’s 400+ hours of
DVR in HD. -
Smart Home Connected with On-screen Social
Media: TVision Home is connected to your digital
life and your devices. View a slideshow of your Facebook videos and
picture, check your Twitter profiles, use your voice to control
TVision Home with Amazon Alexa and Google Assistant, and monitor your
front door with access to your security cameras, all right from your
TV. -
Streaming & Cable Together:
TVision Home launches with apps for Pandora, iHeartRadio, XUMO,
CuriosityStream, Toon Goggles and HSN. And with an open platform, more
apps are coming soon, including Netflix, YouTube, YouTube Kids and more!
And, T-Mobile will soon release a companion app for iOS and Android,
allowing you to stream all your TV to your smartphone anywhere in the
house.
BS-Free TV
Because TVision Home is from T-Mobile, there are
no hidden fees, no bill creep or exploding offers, no annual service
contracts and no crappy customer service. BS-Free TV means:
-
Dedicated Customer Care. TVision
Home customers get a TVision-dedicated customer care team from the
company that ranks #1 in wireless customer service satisfaction year
after year. -
No Hidden Fees. Big Cable
loves fees like Broadcast Fees, HD fees, Activation fees and Early
Termination Fees. And, all those fees add to as much as 40% of a cable
customers’ bills — that’s up to $737 a year in hidden fees1!
Not with TVision Home. Our straightforward pricing doesn’t have pages
of extra fees, so you’ll never experience bill shock again. -
No Bill Creep or Exploding Pricing.
Traditional cable and satellite TV locks consumers into a two-year
contract with one rate, and then – surprise! – after the first year,
they get “thanked” for their loyalty with a bill that’s up to 144%
higher2. DirecTV Xtra is advertised at $55/month, but in
year 2 of the contract, it’ll cost you $124/month – and that doesn’t
even include the $8.49/month regional sports fee or all the other
fees. With TVision Home, your price stays the same, unless you change
it. Period. -
One consistent price for a full channel
lineup. TVision Home launches at $90/month
(including a $9.99/month discount for T-Mobile customers … but
available to everyone for a limited time) which includes 150+
channels, local broadcast, regional sports and more. Plus $10/month
per connected TV, including your whole-home DVR for a limited time.
Any premium TV packages – like HBO, Showtime and others – or on-demand
rentals and purchases are extra. Compare that to the average cable
bill of $107.30/month.
Satellite Freedom
Nearly half (48%) of pay TV customers are
locked into a contract and face paying hundreds in early termination
fees. With Satellite Freedom, T-Mobile is tackling the #1 reason
customers stay shackled to TV providers they don’t like: early
termination fees. The Un-carrier will pay off those fees, up to $500 via
a prepaid card, for any Dish and DirecTV customers who make the switch,
freeing millions locked into long-term contracts with steep cancellation
fees. Goodbye fees, hello freedom.
Cable-Free, Box-Free Future
TVision Home is part of
T-Mobile’s 5G strategy and vision to give consumers real options to the
cable companies, and that starts with the Sprint merger. Today, almost
half of the country’s households (45%), and more than three quarters of
rural households (76%) have no high-speed service (100 Mbps average) or
only one option for high-speed broadband3.
But if the merger is approved, by bringing together T-Mobile and Sprint,
the New T-Mobile will have the scale and capacity to create a
supercharged 5G network capable of reaching over half the country’s
households with high-speed broadband by 2024.
And while TVision Home uses your existing wired broadband today, TVision
Home is IPTV designed for a 5G future where wireless broadband can
replace your home internet. That means millions can finally free
themselves from the Cableopoly once and for all.
“TVision Home is about so much more than home TV… it’s TV built for the
5G era,” said Mike Sievert, COO and President of T-Mobile. “With New
T-Mobile, we’ll bring real choice, competition, better service, lower
prices and faster speeds…right into your living room. And – speaking of
speed — while the Cableopoly innovates at the pace of the cable
companies, we’ll innovate at the pace of the internet to give customers
more value and more freedom more quickly.”
TVision Home launches with a cable box today, but core to the
Un-carrier’s TV strategy is that TVision works with the apps and
hardware and services people already use. T-Mobile also unveiled plans
to launch TVision on popular third-party TV platforms in the future.
That means getting TVision will be as simple as downloading an app and
picking from a variety of low-cost home or mobile subscriptions – no
extra box or equipment required.
Availability
TVision Home will be available on April 14 in T-Mobile
stores and online
in Chicago, Dallas-Fort Worth, Los Angeles, New York City, Philadelphia,
San Francisco, and Washington DC metro areas, as well as Longmont CO.
For more information, visit www.tvision.com
and follow @TVision on Twitter.
Limited time offers; subject to change. Check to confirm service and
channels in your area. Channels & packages can change. Plus taxes; taxes
approx. 4-20% of bill. Credit/debit card & connectivity. Select content
available in 4K with compatible TV/device. Third-party subscriptions may
be required for some content. See Terms and Conditions (including
arbitration provision) at TVision.com for additional information. Satellite
Freedom: Qualifying credit & 90+ days with eligible Satellite TV
provider at same address as new TVision service required. Timely
redemption required. Via prepaid MasterCard Card. You must be active and
in good standing with T-Mobile when payment is processed; allow 10
weeks. Cards issued by Sunrise Banks N.A., member FDIC. Terms &
conditions apply; card expires.
About T-Mobile US, Inc.
As America’s Un-carrier, T-Mobile
US, Inc. (NASDAQ: TMUS) is redefining the way consumers and businesses
buy wireless services through leading product and service innovation.
Our advanced nationwide 4G LTE network delivers outstanding wireless
experiences to 79.7 million customers who are unwilling to compromise on
quality and value. Based in Bellevue, Washington, T-Mobile US provides
services through its subsidiaries and operates its flagship brands,
T-Mobile and Metro by T-Mobile. For more information, please visit http://www.t-mobile.com.
Important Additional Information
In connection with the
proposed transaction, T-Mobile US, Inc. (“T-Mobile”) has filed a
registration statement on Form S-4 (File No. 333-226435), which was
declared effective by the U.S. Securities and Exchange Commission (the
“SEC”) on October 29, 2018, and which contains a joint consent
solicitation statement of T-Mobile and Sprint Corporation (“Sprint”),
that also constitutes a prospectus of T-Mobile (the “joint consent
solicitation statement/prospectus”), and each party will file other
documents regarding the proposed transaction with the SEC. INVESTORS AND
SECURITY HOLDERS ARE URGED TO READ THE JOINT CONSENT SOLICITATION
STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC
WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION. The documents filed by T-Mobile may be obtained free of
charge at T-Mobile’s website, at www.t-mobile.com,
or at the SEC’s website, at www.sec.gov,
or from T-Mobile by requesting them by mail at T-Mobile US, Inc.,
Investor Relations, 1 Park Avenue, 14th Floor, New York, NY 10016, or by
telephone at 212-358-3210. The documents filed by Sprint may be obtained
free of charge at Sprint’s website, at www.sprint.com,
or at the SEC’s website, at www.sec.gov,
or from Sprint by requesting them by mail at Sprint Corporation,
Shareholder Relations, 6200 Sprint Parkway, Mailstop KSOPHF0302-3B679,
Overland Park, Kansas 66251, or by telephone at 913-794-1091.
No Offer or Solicitation
This communication shall not
constitute an offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any
such jurisdiction. No offering of securities shall be made except by
means of a prospectus meeting the requirements of Section 10 of the U.S.
Securities Act of 1933, as amended.
Cautionary Statement Regarding Forward-Looking Statements
This
communication contains certain forward-looking statements concerning
T-Mobile, Sprint and the proposed transaction between T-Mobile and
Sprint. All statements other than statements of fact, including
information concerning future results, are forward-looking statements.
These forward-looking statements are generally identified by the words
“anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “could”
or similar expressions. Such forward-looking statements include, but are
not limited to, statements about the benefits of the proposed
transaction, including anticipated future financial and operating
results, synergies, accretion and growth rates, T-Mobile’s, Sprint’s and
the combined company’s plans, objectives, expectations and intentions,
and the expected timing of completion of the proposed transaction. There
are several factors which could cause actual plans and results to differ
materially from those expressed or implied in forward-looking
statements. Such factors include, but are not limited to, the failure to
obtain, or delays in obtaining, required regulatory approvals, and the
risk that such approvals may result in the imposition of conditions that
could adversely affect the combined company or the expected benefits of
the proposed transaction, or the failure to satisfy any of the other
conditions to the proposed transaction on a timely basis or at all; the
occurrence of events that may give rise to a right of one or both of the
parties to terminate the business combination agreement; adverse effects
on the market price of T-Mobile’s or Sprint’s common stock and on
T-Mobile’s or Sprint’s operating results because of a failure to
complete the proposed transaction in the anticipated timeframe or at
all; inability to obtain the financing contemplated to be obtained in
connection with the proposed transaction on the expected terms or timing
or at all; the ability of T-Mobile, Sprint and the combined company to
make payments on debt or to repay existing or future indebtedness when
due or to comply with the covenants contained therein; adverse changes
in the ratings of T-Mobile’s or Sprint’s debt securities or adverse
conditions in the credit markets; negative effects of the announcement,
pendency or consummation of the transaction on the market price of
T-Mobile’s or Sprint’s common stock and on T-Mobile’s or Sprint’s
operating results, including as a result of changes in key customer,
supplier, employee or other business relationships; significant
transaction costs, including financing costs, and unknown liabilities;
failure to realize the expected benefits and synergies of the proposed
transaction in the expected timeframes or at all; costs or difficulties
related to the integration of Sprint’s network and operations into
T-Mobile; the risk of litigation or regulatory actions; the inability of
T-Mobile, Sprint or the combined company to retain and hire key
personnel; the risk that certain contractual restrictions contained in
the business combination agreement during the pendency of the proposed
transaction could adversely affect T-Mobile’s or Sprint’s ability to
pursue business opportunities or strategic transactions; effects of
changes in the regulatory environment in which T-Mobile and Sprint
operate; changes in global, political, economic, business, competitive
and market conditions; changes in tax and other laws and regulations;
and other risks and uncertainties detailed in the Form S-4, as well as
in T-Mobile’s Annual Report on Form 10-K for the fiscal year ended
December 31, 2018 and in its subsequent reports on Form 10-Q, including
in the sections thereof captioned “Risk Factors” and “Cautionary
Statement Regarding Forward-Looking Statements,” as well as in its
subsequent reports on Form 8-K, all of which are filed with the SEC and
available at www.sec.gov and www.t-mobile.com.
Forward-looking statements are based on current expectations and
assumptions, which are subject to risks and uncertainties that may cause
actual results to differ materially from those expressed in or implied
by such forward-looking statements. Given these risks and uncertainties,
persons reading this communication are cautioned not to place undue
reliance on such forward-looking statements. T-Mobile assumes no
obligation to update or revise the information contained in this
communication (whether as a result of new information, future events or
otherwise), except as required by applicable law.
1 U.S. Senate Permanent Subcommittee on Investigations, 2016
2
DirecTV.com, 2018
3 FCC Internet Access Report, November
2018
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