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T-Mobile doesn’t want the iPhone if it means taking a huge financial hit like Sprint did

T-Mobile COO Keynote

Like the Meineke ads of old, T-Mobile is not going to pay a lot for this iPhone. FierceWireless reports that T-Mobile COO Jim Alling told Morgan Stanley’s Technology, Media & Telecoms Conference this week that his company will only start selling the iPhone for use on its network if the price is right.

“Make no mistake about it: We would love to carry the iPhone,” he said. “However, we want the economies to be right for us.”

T-Mobile’s decision to hold firm on the iPhone stands in contrast to rival Sprint (S), which signed a $15.5 billion deal for the ability to sell Apple (AAPL) smartphones in 2011. Even so, Alling acknowledged that not having the iPhone has become a liability for T-Mobile and said that “we recognize that it has been a point of churn for us.”

T-Mobile is the only nationwide carrier in the United States that doesn’t offer the iPhone.

Prior to joining BGR as News Editor, Brad Reed spent five years covering the wireless industry for Network World. His first smartphone was a BlackBerry but he has since become a loyal Android user.