I am a current AT&T customer. I am out of the US often, but keep my line open anyways in order to keep my phone number and so that I have service when I am in town. When I am away from the US, I simply drop my data plan so I'm only paying the minimum voice plan rate. I want to upgrade to the 32 GB iPhone 5, but need an unlocked phone so I can use it abroad. Option 1: "No commitment" unlocked iPhone from AT&T: $750+tax Option 2: Purchase phone with 2 year commitment for $300, terminate my contract the next day and pay the $325 ETF, keeping my phone line active, just off contract, as it is now. Call AT&T to request unlock on phone now that it is no longer under contract. Total comes out to $625+tax on the $300. Assuming Option 2 works, that's $125 in savings. I called AT&T and the rep confirmed that Option 2 is possible and that there's no issue unlocking once the ETF is paid. What am I missing here? Is there any reason Option 2 wouldnt work?