Virgin Mobile (VMED +0.1%) will begin offering the iPhone (AAPL) to its prepaid subscribers as soon as July 1, sources tell the WSJ. Virgin relies on Sprint's (S) network, and its purchases could help the latter make good on its $15.5B, 4-year iPhone purchase commitment without getting saddled with millions of unsold iPhones. Fellow prepaid carrier Leap Wireless (LEAP) recently struck an iPhone deal of its own.
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