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AT&T is finally allowing iPhone owners to unlock their phones – but there’s a catch. You must be finished with your initial 2-year AT&T contract. Why would you want to unlock your AT&T iPhone? Well, if you travel abroad, you can just pop in any compatible SIM card and save a ton of money on mobile calls when you’re traveling abroad. Of course, as long as your account is in good standing, Verizon and Sprint have always let you unlock your iPhone, but because Verizon and Sprint iPhones use CDMA chipsets, there’s not much you can do with the phones in Europe. What else can you do with an unlocked AT&T iPhone? How about saving some money by switching to T-mobile? Just remember, even though T-mobile voice plans are less expensive, T-mobile’s 3G data network is slower than AT&T’s. The good news is that you no longer have to jailbreak your iPhone to unlock it. AT&T has seen the light.