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Actually this is slightly inaccurate. I had doubts that T-mobile was in on this deal, and I just checked best buy website. I don’t believe Tmobile is doing this, they do “no contract $50 unlimited”. They offer a payment system with their phones where you break it down into 24 payments, but its not a subsidy.
Tmobile happens to be the company that most of these phones work on here too, 1900/2100 I believe. 1900 is 3g on Tmobile by now I think.