T-Mobile made headlines recently when they announced a radical shift its mobile plans: No more contracts ... I repeat, no more contracts
The carrier, currently fourth behind the likes of AT&T, Sprint and Verizon, will allow customers to use a phone they already own. If they want a new model, they'll free to buy the phone outright or pay it off in installments. The idea might be catching on with other providers
David Lazarus is a business columnist for the Los Angeles Times.