T-Mobile and Walmart offer new unlimited 4G and text prepaid plan

On October 16th, T-Mobile and Walmart will make available a $30/month prepaid (that means no contract either) unlimited 4G data and unlimited text plan. This new plan will only be sold in Walmart stores and online at walmart.com and t-mobile.com. Here’s the full press release.

Walmart and T-Mobile Introduce Exclusive

No-Annual Contract 4G Offering

BELLEVUE, Wash., and BENTONVILLE, Ark. — October 3, 2011 — With increased consumer demand for both no-annual contract wireless plans and faster data speeds, Walmart and T-Mobile USA, Inc. announced today that T-Mobile will launch a $30 unlimited web and text monthly 4G prepaid service plan — providing customers great value on a no-annual contract 4G data offering. The plan will be sold exclusively in-store at more than 2,200 Walmart stores and online at www.walmart.com and www.T-Mobile.com and is expected to launch Oct. 16.

The new flexible and affordable plan will provide Walmart customers with access to America’s Largest 4G Network^™. In a survey of Walmart customers, approximately 60 percent cited that having a high-speed data network was a key factor in the purchase of a wireless service plan. With this new offering, available for $30 per month and no annual contract, customers can enjoy unlimited Web, with the first 5 GB at up to 4G speeds; unlimited text; and 100 minutes of talk, with 10 cents per minute after the first 100 minutes.

In further expansion of this offer, Walmart is increasing its line-up of affordable T-Mobile phones to six, including the addition of Walmart’s first 4G prepaid handset.

“Walmart is proud to offer our customers fast and affordable mobile options, especially as texting and social networking become a regular form of communication,” said Seong Ohm, senior vice president of entertainment, Walmart U.S. “Together with our suppliers we continue to ensure the products our customers want and need — from the latest smartphone and TV to groceries and toys — are available at every day low prices.”

“T-Mobile is thrilled to offer this exclusive, affordable service plan, designed specifically with heavy text and data users in mind, to meet the demand for prepaid, which is expected to double by 2015,” said Amy McCune, vice president of national retail, T-Mobile USA. “Walmart is known for providing consumers incredible value, making T-Mobile an ideal partner, and T-Mobile is delivering great prices, convenient options and a reliable nationwide 4G network, which we know Walmart customers appreciate.”

Monthly4G plans provide access to wireless service for 30 days; capable device required to achieve 4G speeds. After high-speed allotment is used, speeds slowed to up to 2G speeds for remainder of month. T-Mobile’s HSPA+ 4G network not available everywhere. See coverage details at T-Mobile.com.

About Walmart

Wal-Mart Stores, Inc. (NYSE: WMT) serves customers and members more than 200 million times per week at over 9,600 retail units under 69 different banners in 28 countries. With fiscal year 2011 sales of $419 billion, Walmart employs 2.1 million associates worldwide. Walmart continues to be a leader in sustainability, corporate philanthropy and employment opportunity. Additional information about Walmart can be found by visiting http://walmartstores.com and on Twitter athttp://twitter.com/walmart. Online merchandise sales are available at http://www.walmart.com and http://www.samsclub.com.

About T-Mobile USA, Inc.

Based in Bellevue, Wash., T-Mobile USA, Inc. is the U.S. wireless operation of Deutsche Telekom AG (OTCQX: DTEGY). By the end of the second quarter of 2011, approximately 128 million mobile customers were served by the mobile communication segments of the Deutsche Telekom group — 33.6 million by T-Mobile USA — all via a common technology platform based on GSM and UMTS and additionally HSPA+ 21/HSPA+ 42. T-Mobile USA’s innovative wireless products and services help empower people to connect to those who matter most. Multiple independent research studies continue to rank T-Mobile USA among the highest in numerous regions throughout the U.S. in wireless customer care and call quality. For more information, please visit http://www.T-Mobile.com. T-Mobile is a federally registered trademark of Deutsche Telekom AG. For further information on Deutsche Telekom, please visit www.telekom.de/investor-relations.

For more information about T-Mobile’s 4G products, please visit http://www.t-mobile.com.

This plan is pretty competitive in the prepaid market. Anyone using prepaid plans that thinks a high-speed prepaid plan is something they’ve been missing in their lives?