BELLEVUE, Wash.--(BUSINESS WIRE)--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.
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.
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.
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.
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