The new plan is expected to be known as Sprint One Up. According to the program, a customer can choose to either pick up a smartphone worth $650 and make monthly repayments of $27 for two years. However if they wish to leave the service early, they will have to pay the balance in the following month. Alternatively if they wish to get a new smartphone, such as upgrading from the Galaxy S4 to the Galaxy S5, they will be eligible to do so after a minimum of one year of service by trading in their older device.
This is a great move by Sprint as it allows for more tech savvy customers to continuously upgrade their phones without too much of a penalty. The Sprint One Up program has been rumored for a launch on the 20th of September.