How will plans work for iphone 5?

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Jul 11, 2012
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Right now i have a iphone 4, I originally had a two year plan with korea ( from korea ) moved back last month and my mom cancelled the plan, we still have the phone, me and my dad, Right now im running at&t on it and i was wondering if i could sell my ihpone 4 to gamestop for 120$ and buy the iphone 5 two year plan
 

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