Statement on Mintsim?
Answered

So the breakdown on Mintsim is $16.58 for 2GB LTE (throttled after), unlimited text, unlimited voice, with 12 months.  (Ignore their current promo; it's not representative.)

That's less than Ting charges for <500 minutes, <500 text, and <1GB of data, due to the $6 device fee.

  • Ting makes you pay a $6 per-device fee (so it's $22, not $16); Mintsim is single-device only
  • Mintsim makes you buy multiple months at once, e.g. pay $200 for 12 months of 2GB; Ting bills month-to-month
  • Ting charges $10/GB for 2GB and above; Mintsim sells 2GB, 5GB, and 10GB plans, plus additional data at $10/GB or $20/3GB

Does Ting have a statement on this?  Ting has a nicer billing cycle, but you're not getting 5GB LTE for $28/month or 10GB for $35/month out of Ting (you somehow use 10GB you're looking at a $100 bill--plus voice and text).

New usage tiers coming in the next decade?

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Comments

3 comments
  • The real question is whether their business model & pricing are sound enough for them to be around in a couple of years.

    Ting has based its tiers on its costs and providing a good value to the 80% of cell phone users who are not heavy users. Anybody regularly using more than 2 GB is not likely in Ting's target market.

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  • It's complex, honestly.

    The cost of a business isn't just the bare cost of product.  It's the cost of stability.  There's a lot of float:  you have a lot of accounts that owe you money, but might not actually get paid for a while; if you have products, you have to pay to make those products, and then recover that money when the products actually sell.  Then there's the logistics, which scale up and down to limits--providing services to a too-small customer base is inefficient, while providing to a too-large customer base is complex (thus inefficient as well--technology can cut this down, and doesn't magically appear).

    Mintsim might be trading on technical progress:  you pay them for the next 12 months of cost now, and over time the service actually costs less (technical progress) and the price you paid in January is higher than the price they'd have to charge in June to stay in business--too late, you bought it.  From that perspective, though, Ting isn't moving its price tiers...

    On the other hand, Ting is trying to supply broadband and trying to build that out.  The higher cost of Ting might be a funding source to build their business:  you pay $40/month instead of $20/month because they're sending the other $20 to spread their ISP infrastructure.  They have a cost-advantage over T-mobile, but that doesn't mean you're not crowdfunding their other ventures.

    Mostly, the entire Internet seems to be trying to crush me with disturbing animations of a green fox, so I figured I'd ask the uncomfortable question--that being:  are these pricing tiers ever going to loosen up?

    (The other one is really if their fiber is ever coming to Baltimore--the answer is no, everyone in Baltimore is poor, why would you ever bring anything there?)

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  • I have to say. The 2gb of data for their bottom tier is realy attractive. 100 mb from Ting is just too little. I could get by with 500, but 100 is impossible. From a price perspective Mintsim has a killer deal.

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