Sprint will reportedly launch its own prepaid plans on January 25th

There are choices on the market if you are looking for prepaid options from Sprint (S). The carrier offers no-contract plans through two subsidiaries, Boost Mobile and Virgin Mobile, and also has roaming deals in place with Republic Wireless, which provides $19-per-month unlimited service. According to alleged internal documents obtained by AndroidPolice, Sprint may be looking to enter the prepaid business itself and offer self-branded no-contract phones to consumers. The carrier will reportedly offer unlimited talk, text and web for $70, however there are a few catches. The prepaid service isn’t available with most Sprint smartphones such as the Galaxy S III and is only compatible with two 3G handsets: The LG (006570) Optimus Elite and Samsung (005930) Victory.