Prepaid carrier Leap Wireless (LEAP) +4.9% after stating it will begin selling the iPhone (AAPL)...

|By:, SA News Editor

Prepaid carrier Leap Wireless (LEAP) +4.9% after stating it will begin selling the iPhone (AAPL) on June 22, in tandem with a $55/month unlimited voice/text/data plan. Since the device will be offered without contract, Leap's subsidies are much lower: the 16GB iPhone 4S will sell for $500, while the 8GB iPhone 4 will go for $400. Leap is coming off a rough Q1 in which it lost share to nationwide rivals. The news comes shortly after several regional U.S. carriers began offering the iPhone.