Today, T-Mobile announced the Samsung Exhibit 4G, the company’s first 4G smartphone offered to customers seeking no annual contract. Wal-Mart will be the first to offer the handset with no annual contract at most of its retail stores.

The Samsung Exhibit 4G will pack some respectable features, which include:

  • 3.7-inch WVGA TFT touchscreen
  • 1 GHz Qualcomm Snapdragon processor
  • T-Mobile TV in mobile HD and Samsung Media Hub
  • 3-megapixel rear-facing camera with flash and video capture
  • front-facing camera
  • WiFi and Bluetooth capabilities
  • T-Mobile’s 4G network
  • Android 2.3 Gingerbread

Discussing price and convenience of its latest smartphone, Andrew Morrison, vice president, product management, T-Mobile USA said:

“The Samsung Exhibit II 4G is the perfect device for consumers desiring a smartphone with robust 4G entertainment and Web browsing experiences – at a price they can afford.”

This is a pretty good offer to those out there seeking a “4G device” on the cheap, with no two-year commitment. It might carry some standard or outdated features, but for a shade under 200 bucks — you can’t complain. Also, Wal-Mart’s pre-paid plans are really price friendly.

The Samsung Exhibit II 4G, will be available at most Wal-Mart stores starting Oct. 27, but available nationwide at T-Mobile retail stores, online and at select dealers beginning Nov. 2. The Exhibit II 4G will be offered through no annual contract and two-year contract plan options, and is expected to cost $ 29.99 after a $ 50 mail-in-rebate card with a two-year service agreement and qualifying Classic voice and data plan, and $ 199.99 via no annual contract.

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