Starting August 22, Sprint will offer a new unlimited mobile plan priced at $60 per month.

This is $20 cheaper than T-Mobile’s current unlimited plan.

In this new program, both new and current subscribers will have the opportunity to avail unlimited talk, text and data usage for a price tag of $60 per month, per line.

The company claims this will save users about $480 over two years when compared to T-Mobile’s current unlimited plan, which is priced at $80 per month.

AT&T and Verizon do not offer comparable unlimited plans at this time.

As the price war between these major mobile carriers builds up, mobile subscribers are now bombarded with new subscription plans and loyalty programs aimed to entice them to switch to a new carrier or stick with their current one.

T-Mobile has come up with a new program targeting Sprint subscribers. In the company’s press release, T-Mobile is asking their current subscribers to “save their friends and colleagues still with Sprint”. This program applies to AT&T and Verizon users as well.

As a reward, both the current T-Mobile user and the person convinced to switch will get unlimited LTE data for 1 year.

If the current user already has unlimited LTE, he or she will get a $10 credit per month for 1 year.