The Trump Organization is rolling out a mobile smartphone and phone plan. On Monday, the Trump Organization — owned by President Donald Trump and run by his sons, Eric Trump and Donald Trump Jr. — unveiled the Trump Mobile gold “T1” phone for $499 and “The 47 Plan” for $47.45 a month.

Donald Trump Jr. and Eric Trump announced the launch of Trump Mobile, a new wireless service that will operate on existing major carrier networks, according to a press release statement. The company also announced plans to release a smartphone called the "T1 Phone" in August.

The Trump Organization just announced the launch of a brand-new cellular service, dubbed Trump Mobile. It's being marketed under the name T1 Mobile and piggybacks off of T-Mobile, AT&T and Verizon's cellular networks to provide coverage across the country.