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The CEO of T-Mobile announced the end of contracts in an event in New York City, allowing customers to pay for any phone they want, including popular models like the HTC One, Galaxy S4, and iPhone 5 for only $100. By eliminating contracts, bills should be lower, and customers have the flexibility to switch carriers at any time. However, buying phones directly without contracts can be expensive, as carriers offer subsidies in exchange for signing a contract, often resulting in a significant discount on the retail price of the phone.
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