T-Mobile is making two big announcements today, and the first is related to its T-Mobile One rate plan.

The T-Mobile One plan is now Magenta. The name change isn’t the only thing different about the new plan, though, because Magenta also includes 3GB of high-speed 4G LTE mobile hotspot usage per line followed by unlimited 3G hotspot use. The T-Mobile One had no 4G LTE hotspot usage unless you upgraded to T-Mobile One Plus.

Speaking of T-Mobile One Plus, Magenta Plus is also available as an upgraded version of the new Magenta plan. It keeps the benefits of T-Mobile One Plus, including HD video streaming, 20GB of 4G LTE hotspot usage, faster international data, unlimited in-flight Wi-Fi, Voicemail to Text, and Name ID.

Other features of the Magenta plan include unlimited talk, text, and 4G LTE smartphone data, free data and texting in more than 210 countries and destinations, one hour of Gogo in-flight Wi-Fi and unlimited texting on domestic flights, and T-Mobile Tuesdays deals.

Pricing for Magenta and Magenta Plus remains the same as T-Mobile One and T-Mobile One Plus. That means a Magenta plan starts at $70 for a single line, drops to $60 per line for two lines, and goes on from there. Magenta Plus is $15 per line per month, but that price drops to $10 per line per month when you add Magenta Plus to each line on a family plan with two or more lines.

Another notable change with Magenta involves Netflix on Us. As a result of the Netflix price hike that was announced earlier this year, families with the Magenta plan will get Netflix Basic included with their plan. Netflix Basic allows for streaming on one screen at a time and does not include HD or Ultra HD streaming.

Families who upgrade to Magenta Plus will get a Netflix Standard subcription, which allows streaming on two screens at the same time and includes HD streaming.

Existing T-Mobile One customers with Netflix on Us that includes the Netflix Standard plan will see the $2 Netflix price hike pass through starting in July. If you want to avoid that, you can turn off Netflix on Us or change to a Magenta plan.

T-Mobile’s new Magenta plan will launch on June 2nd.

UPDATE: I asked T-Mobile for a bit more info on what the change to the Magenta plan means for other rate plans like Essentials, Unlimited 55+, and Military, and here’s what I’ve learned:

• Essentials doesn’t change
• Unlimited 55+ will be known as Magenta Unlimited 55+ but otherwise won’t change
• Military will become Magenta Military and will have the same benefits as the Magenta plan, since the current Military plan is similar to T-Mobile One

Source: T-Mobile