Latest news with #T1Mobile
India Today
3 hours ago
- Business
- India Today
Trump family launches T1 mobile with ‘47 Plan' and MAGA branding
The Trump Organisation on Monday announced its latest venture -- Trump Mobile -- a new phone service and handset brand dubbed T1 Mobile. According to Eric Trump, who now leads the family business, the goal is to offer a patriotic, values-driven alternative in the crowded mobile market."Hard-working Americans deserve a wireless service that's affordable, reflects their values, and delivers reliable quality they can count on," Eric Trump gold-coloured phone, emblazoned with Trump's "Make America Great" slogan and priced at $499, will hit the market in August. While the phones won't be manufactured directly by Trump Mobile, the service will operate in partnership with the US's three largest network providers — Verizon, AT&T and T-Mobile. The launch of T1 Mobile -- with a monthly plan cheekily named "The 47 Plan" -- the monthly fee of $47.45 make reference to Trump's two terms, the 45th and the 47th. The service will include unlimited calls, texts and data and free roadside assistance and telehealth ACCUSED OF USING FEDERAL POWER TO TARGET RIVALSTrump's use of federal power to reward allies and punish adversaries has already drawn scrutiny in his second term. Critics point out that the Federal Communications Commission, which regulates telecom companies, has investigated outlets that Trump dislikes and even clashed with tech giants like Apple. Last month, he threatened a 25% tariff on iPhones made in India unless Apple shifted production to the Trump says Trump Mobile's edge is values-based service for patriotic phone venture comes amid a flurry of post-election deals: a $1.5 billion real estate partnership in Vietnam, a golf resort in Qatar, and booming merchandise revenue — including $3 million from coffee-table books, $2.8 million from Trump watches, and $2.5 million from Trump sneakers and Media & Technology Group, a Florida company that operates the Truth Social media platform, filed plans with security regulators Monday to launch an exchange-traded fund tied to the prices of two popular ETF is part of the Trump family's rapidly growing crypto empire, which includes a new stablecoin and launching and promoting president's most recent financial disclosure report reveals he made more than $57 million last year from World Liberty Financial, a crypto company he and his sons helped launch in inputs from Associated PressMust Watch
The Age
5 hours ago
- Business
- The Age
Trump family unveils gold ‘Made in America' phone, mobile service
The Trump family is licensing its name to a new mobile phone service, the latest in a string of ventures announced while Donald Trump is in the White House despite ethical concerns that the US president could mould public policy for personal gain. Eric Trump, the president's son running The Trump Organisation in his absence, announced a new venture called Trump Mobile. The plan is to sell phones that will be built in the US, and the phone service will maintain a call centre in the country as well. The announcement of the new mobile phone and service, called T1 Mobile, follows several real estate deals for towers and resorts in the Middle East, including a golf development in Qatar announced in April. A $US1.5 billion ($2.3 billion) partnership to build golf courses, hotels and real estate projects in Vietnam was approved last month, though the deal was in the works before Trump was elected. Even oversight of such a company, with the Trump name attached, raises ethical concerns. Trump has already used the federal government to reward his allies and punish his enemies. The Federal Communications Commission, the primary regulatory body overseeing mobile phone companies, has already launched investigations of media outlets Trump dislikes and, in some cases, is personally suing. Loading Eric Trump said Monday that consumers deserve a phone that aligns with their values. 'Hard-working Americans deserve a wireless service that's affordable, reflects their values, and delivers reliable quality they can count on,' he said in a statement. The company would also enter a highly competitive market that includes companies that have been directly attacked by Donald Trump.
Sydney Morning Herald
5 hours ago
- Business
- Sydney Morning Herald
Trump family unveils gold ‘Made in America' phone, mobile service
The Trump family is licensing its name to a new mobile phone service, the latest in a string of ventures announced while Donald Trump is in the White House despite ethical concerns that the US president could mould public policy for personal gain. Eric Trump, the president's son running The Trump Organisation in his absence, announced a new venture called Trump Mobile. The plan is to sell phones that will be built in the US, and the phone service will maintain a call centre in the country as well. The announcement of the new mobile phone and service, called T1 Mobile, follows several real estate deals for towers and resorts in the Middle East, including a golf development in Qatar announced in April. A $US1.5 billion ($2.3 billion) partnership to build golf courses, hotels and real estate projects in Vietnam was approved last month, though the deal was in the works before Trump was elected. Even oversight of such a company, with the Trump name attached, raises ethical concerns. Trump has already used the federal government to reward his allies and punish his enemies. The Federal Communications Commission, the primary regulatory body overseeing mobile phone companies, has already launched investigations of media outlets Trump dislikes and, in some cases, is personally suing. Loading Eric Trump said Monday that consumers deserve a phone that aligns with their values. 'Hard-working Americans deserve a wireless service that's affordable, reflects their values, and delivers reliable quality they can count on,' he said in a statement. The company would also enter a highly competitive market that includes companies that have been directly attacked by Donald Trump.
Bloomberg
7 hours ago
- Business
- Bloomberg
Stocks Calm on Mideast De-Escalation Reports
Get a jump start on the US trading day with Matt Miller, Katie Greifeld and Sonali Basak on "Bloomberg Open Interest." Relative calm returned to global markets, with stocks climbing and oil sinking as fears subsided that Israel's war against Iran would escalate into a wider conflict. And President Trump's family unveils a new Trump-branded mobile phone service called "T1 Mobile" that will rely on pre-existing wireless networks and hardware. And is manufacturing coming back to the US? We'll talk to the CEO of the manufacturing company Flex on what could be a factory revival in North America. (Source: Bloomberg)
NDTV
7 hours ago
- Business
- NDTV
Trump Family Lends Name To New Mobile Phone Venture
The Trump Organization announced Monday it will launch a new mobile phone service, expanding the family's business empire while Donald Trump is president. The T1 Mobile service will offer the "47 Plan," a reference to Trump being the 47th president. Trump Mobile will be a virtual operator, meaning it will offer the services through the networks controlled by US telecom giants Verizon, AT&T and T-Mobile. The monthly rate of $47.45 for 5G service will be less than that of legacy US telecom giants but more than smaller providers such as Boost Mobile or Cricket. T1 Mobile will also begin selling in August a smartphone for $499, according to the company's website, which says the phone will be "proudly designed and built in the United States." T1 Mobile did not immediately reply to requests for details about contractors involved in building the phone. The push into mobile phone technology marks the Trump family's latest diversification step of recent years. In early 2021, Donald Trump launched Trump Media and Technology Group, owner of the Truth Social platform, which soon plans to introduce new investment products. In September 2024, the Trump family threw its support behind World Liberty Financial, a new cryptocurrency platform that sells stablecoins linked to the dollar. Hours before his January inauguration, Trump launched his own personal crypto memecoin, $TRUMP. Trump administration officials have dismissed questions about conflict of interest as Trump seeks to make money while serving as president, in part by pointing to the transparent nature of his business ventures. But critics in Congress and among watchdog groups say the ventures provide an avenue for foreign interests and other shadowy players to buy influence.
