We’ve just received word that Virgin Mobile will be carrying the iPhone 5 next week on its Beyond Talk plans with unlimited 3G/4G LTE data and messaging starting at $35/month (with $5 discount for auto-payments).

The 16GB iPhone $549.99 pricing plan + $30/month for unlimited data is extremely competitive with what’s out there but this comes late in the update cycle. Virgin, a pre-paid division of Sprint which also uses the carrier’s CDMA 3G and LTE 4G networks, will also offer the 32GB and 64GB versions of the iPhone for $649.99 and $749.99 respectively.

For instance, a 16GB iPhone 5 on the $30/month plan will cost $360+$550=$910 over a year or +$360= $1270 over 2 years.

Virgin has been offering the iPhone 4 and 4S for quite some time and recently began discounting the devices by 15% with the same $30/month unlimited plans…

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From 9to5Toys.com: