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T-Mobile to Begin Offering iPhone 5 on April 12

Today, T-Mobile CEO John Legere announced at a live event in New York City that T-Mobile would begin offering the iPhone 5 on April 12. Referring to the lack of the iPhone as "a huge void" in their slate of device offerings, Leggere announced that T-Mobile would be offering the iPhone 5 for a $99.99 down payment, and then $20 per month for two years. This price does not include the monthly service plan fees.

T-Mobile will also offer the iPhone 4S for $69.99 down and $20 per month for two years, and the iPhone 4 for $14.99 down and $15 per month for two years. These handset financing options are available only to customers with good credit. Customers with poor credit will have to pay the full cost of the device up front.

As always, customers can compare T-Mobile cell phones using MyRatePlan's comprehensive cell phone comparison tool.