Verizon tries to win back T-Mobile customers with $500 credit and free iPhones

The big picture: The US telecom sector is not as competitive as it once was, but that does not mean the carriers have stopped rolling out offers, deals, and discounts to attract new users and win back disgruntled former customers. Verizon's current promo aims to lure back former customers who switched to T-Mobile. Verizon is emailing former customers and offering them $500 in bill credit as an incentive to switch back. A Redditor, who claims to have received at least four messages over the past few weeks, says he called the carrier for more information, as the offer email did not have any terms or details. The Verizon rep informed him the offer includes $500 in bill credits for eligible customers over 36 months – an approximate $14 discount per billing cycle. The rep also said he was eligible for a new free line if he switched back and bought a new phone. However, the Redditor declined the "horrible" offer as the monthly discount was too small. Several former Verizon customers respo ... Read full article.