Net10 earns this distinction for providing superior consumer value in terms of three critical aspects of any wireless solution – affordability, simplicity, and subscriber certainty for voice calling.
“With this award, Frost & Sullivan recognizes NET10’s achievement in identifying the top considerations for customers subscribing to mobile wireless services and then structuring plans with those needs in mind,” says Michael Suby, Research Director for Stratecast, the research and strategic analysis division of Frost & Sullivan.
“Stratecast undertook a detailed comparison of NET10’s prepaid wireless plans with similar plans offered by Alltel, AT&T/Cingular, Boost Mobile, TracFone, T-Mobile, Verizon Wireless, and Virgin Mobile USA and found that Net10 offers higher overall consumer value.”
NET10 offers highly attractive rates for U.S. domestic voice calls at 10 cents a minute, 24x7 with no overage charges, no surcharges, and no credit checks. Purchasing as few as 150 minutes per month, for $15, ensures that service will remain continuously available without an annual contract.
Among other features, subscribers carry forward all unused minutes and service time whenever they add a new airtime card. The process of refilling balance of minutes and time is both simple and immediate, allowing subscribers to know their current balances at any given point of time. Additionally, text and picture messaging services are available at competitive rates. NET10 offers a nationwide service with its signals carried on the networks of the largest wireless network operators.
Stratecast’s analysis of domestic U.S. cost-per-minute rates revealed these differences among the major wireless carriers:
NET10: 10 cents per minute 24x7, no monthly or daily fees
AT&T/Cingular GoPhone: 10 cents per minute 24x7 plus $1 daily surcharge
Verizon INPulse: 10 cents per minute and 99 cent daily surcharge
Boost Mobile Pay-as-U-Go: 10 or 20 cents per minute based on time and day of week
Alltel U Prepaid Pay-per-Minute: 15 cents per minute 24x7
Virgin Mobile USA: 18 cents per minute 24x7
“Taking all this into consideration, NET10 is the obvious choice and deserving recipient of the 2007 U.S. Frost & Sullivan Award for “Best Bang for the Buck” Pay by the Minute Prepaid Wireless Plan,” says Mr. Suby. “With U.S. prepaid wireless representing a growing share of the overall mobile wireless market, Net10 is well positioned to serve wireless consumers with affordable, simplicity, and value-enhancing mobile wireless service.”
Each year Frost & Sullivan presents this award to the company that offers consumers of mobile wireless communication services the best dollar value in making and receiving mobile wireless calls with a Pay by the Minute prepaid wireless plan.
Stratecast and Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
Over the last three years, NET10 Wireless (net10.com) has been the nation’s fastest growing wireless provider. NET10 is a pre-paid service for frequent cell phone users from TracFone Wireless, Inc. NET10 offers all local, long distance and roaming calls at a single low price of 10 cents per minute. Text messages are 5c each, and international calls to over 60 destinations are 15c per minute. With NET10 there are no annual contracts, credit checks, monthly fees, security deposits, activation (or deactivation) charges, or age restrictions. TracFone Wireless is a subsidiary of América Móvil (NYSE: AMX, NASDAQ: AMOV), largest mobile phone provider in all of the America’s and 4th largest globally, with more than 120 Million wireless subscribers.
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.
Stratecast directly assists clients in achieving their objectives by providing critical, objective and accurate strategic insight, in a variety of forms, via an access-and-industry-expertise-based strategic intelligence solution. Stratecast provides communications industry insight superior to a management consultancy, yet priced like a market research firm. Stratecast’s product line includes: Monthly Analysis Services [Convergence Strategies & Network Architectures (CSNA), OSS Competitive Strategies (OSSCS), Network Professional Services Strategies (NPSS), Consumer Market Strategies (CMS), Business Market Strategies (BMS)], Weekly Analysis Service [Stratecast Perspectives and Insight for Executives (SPIE)], Standalone Research, and Business Strategy Consulting.