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T-Mobile Promotes IPhone by Letting Current Owners Do Trade-Ins

April 10, 2013 5:55 AM
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T-Mobile USA Inc., which will begin offering Apple Inc. (AAPL)’s iPhone for the first time on April 12, will promote the move by letting owners of older models trade in their phones for a lower price on a new one.

Customers who turn in their existing iPhone will get a new iPhone 5 without the usual down payment of $99.99, plus a credit toward future bills, Bellevue, Washington-based T-Mobile said. A 4S model, for instance, will bring a $120 credit.

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