Switch to Sprint, Cut Your Data Bill in Half

The catch, however, is that Sprint might prioritize the traffic of users who are paying full price for data.

Sprint announced today that Verizon or AT&T customers who make the switch to Sprint can get a data plan that is half the price they currently pay on the competing carriers.

The deal, dubbed the "Cut Your Bill in Half Event," begins Dec. 5, and will provide unlimited talk and text – regardless of a customer's current plan – and a data plan that is half the cost of an existing AT&T or Verizon plan.

The catch, however, is that Sprint might prioritize the traffic of users who are paying full price for data. "Other plans may receive prioritized bandwidth availability," Sprint says in the fine print. "To improve data experience for the majority of users, throughput may be limited, varied or reduced on the network."

Meanwhile, you have to get a new phone when you make the switch to Sprint. If you don't turn in your old phone within 30 days, Sprint will apply a $200 charge per phone to your bill.

To take advantage of the deal: