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LG VX5500, one of the latest flip phones prepared by Verizon Wireless, is said to be launched before the end of October, for a price as low as $49.99 with a 2-yr contract agreement and a $50 mail-in rebate.

The VX5500 will come as the successor of LG VX5400, which is currently being offered by Verizon for free (with a 2-yr agreement). So, yeah, this is a basic phone for people with basic mobile needs.

This new clamshell looks OK, but it has a design that surely won’t scream “I’m unique” to anyone.

main specs of LG VX5500 include:

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1.76 inches TFT internal display, 176 x 220 pixels, 262K colors
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1.04 inches TFT external display, 96 x 64 pixels, 65K colors
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Bluetooth
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Mobile Web 2.0
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Instant Messaging
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VZ Navigator capable
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Voice commands
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Speakerphone
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VGA camera
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300 minutes of talk-time; 440 hours of stand-by time
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3.05 oz
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3.56 x 1.84 x 0.73 in