T-Mobile Strikes Cuba Roaming Deal
May 09 2016 - 11:40AM
Dow Jones News
T-Mobile US Inc. said it signed a roaming agreement with Cuba's
state-run telecommunications company, providing voice, text and
data service starting this summer for subscribers who travel to
Cuba.
The deal with the Empresa De Telecomunicaciones De Cuba SA also
lowers prices for T-Mobile subscribers making calls to Cuba from
the U.S.
T-Mobile said it has more customers of Cuban descent than other
wireless providers. Chief Executive John Legere said that
"connecting them with family and friends in Cuba is a message we
heard loud and clear" from customers on social media.
Under the deal, customers can call landlines and wireless phones
in Cuba from the U.S. for 60 cents a minute, which T-Mobile said
was 65% less than its current rate. Starting this summer, T-Mobile
customers will also be able to use voice, text, and data while in
Cuba.
Other U.S. cellular firms already have a presence in Cuba.
Sprint Corp. and Verizon Communications Inc. currently offer
roaming service on the island.
AT&T was expected soon to complete a roaming agreement with
the Cuban firm, also known as Etecsa, The Wall Street Journal
reported in March. A representative from AT&T wasn't
immediately available for comment.
In April, T-Mobile reported strong subscriber gains for the
first quarter, helping the company boost revenue 11% and swing to a
profit.
Shares of T-Mobile rose 0.8% to $39.79 in early trading in New
York.
Write to Joshua Jamerson at joshua.jamerson@wsj.com
(END) Dow Jones Newswires
May 09, 2016 11:25 ET (15:25 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
SentinelOne (NYSE:S)
Historical Stock Chart
From Mar 2024 to Apr 2024
SentinelOne (NYSE:S)
Historical Stock Chart
From Apr 2023 to Apr 2024