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Wednesday, October 14, 2009
Wal-Mart to Expand Low-Cost Mobile Phone Service Offerings
FOXBusiness
Wal-Mart (WMT) said Wednesday it will expand an offering of cut-price mobile services nationwide, according to a report by Reuters.
The announcement puts further pressure on rivals such as Leap Wireless International Inc (LEAP) and MetroPCS (PCS) to also cut prices.
Wal-Mart said the service will be expanded to more than 3,200 stores from 234. The service was developed with TracFone Wireless, the U.S. unit of Mexican cell-phone giant America Movil (AMX), owned by billionaire Carlos Slim.
The offering includes a $30 prepaid plan for 1,000 minutes as well as a $45 per month plan for unlimited calling.
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