The fourth largest carrier in the U.S. T-Mobile USA is expected to officially announce “Uncarrier” initiative, the end of 2-year phone contracts, plans to sell the iPhone and other phones on an unsubsidized basis with no-contract, unlimited data plans.

Instead of a contract, customers will be asked to pay a small monthly fee on top of their regular bill. Looks lie, T-Mobile appears to be going to all prepaid with no monthly contract plans.

The mobile carrier, which is looking to finalize an acquisition with MetroPCS), now charges about $550 for Samsung’s Galaxy S III smartphone, including a down payment of $69.99 and 24 monthly payments of $20. A customer can also opt to buy the phone outright for $549.99.

Verizon Wireless, a joint venture between Verizon Communications and Vodafone, meanwhile, sells the Samsung’s Galaxy S III smartphone for $199.99 with a new 2-year contract. It claims the device was cut from its $599.99 retail price.

AT&T similarly sells the Galaxy S III for $199.99 with a new contract, claiming customers save $350 over the phone’s regular $549.99 price.

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