Rumor By a Wall Street Stiff: Cingular To Give iPhone Buyers 1.5 Years of Free Service?

[UPDATE: We've debunked this.]Purchasers of the iPhone will get 1.5 years of free Cingular service, according to Jim "Mad Money" Cramer from TheStreet.com. The move is designed to lure people to Cingular who are now (or when June arrives) using Verizon. The only source for this information is "Cramer said AT&T," so it's not exactly the gospel truth. Would free Cingular service convince you to buy the iPhone, fanboy tax and all?

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If it turns out to be true, it certainly sweetens the deal.

TheStreet.com TV Recap: Tech Signs [TheStreet.com]