It’s been originally reported that regional carrier Bluegrass Cellular would start selling the iPhone 5 on September 28 alongside Alaska‚Äôs GCI and Appalachian Wireless, but something delayed those plans. Be that as it may, today the Kentucky-based carrier announced it will start selling Apple’s latest phone on Friday, November 2.

The company has plans to undercut AT&T, Verizon and Sprint with an aggressive pricing policy. Bluegrass Cellular will also offer the iPhone 4S for just $49 and the¬†iPhone 4 will be available starting at 99 cents, it’s been¬†confirmed. These prices, of course, are valid only with a two-year service contract…

According to a media release¬†out this morning, “Bluegrass will allow iPhone 5 customers to connect to its fast 3G network”. Its nationwide voice and data plans start at $64.99 a month for 3GB of data with unlimited text messaging and 200 voice minutes. The unlimited everything plan will set you back $99.99 a month.

The¬†iPhone 5 will sell for $149/$249/$349 for the 16/32/64GB model, which is a nice $50 discount versus comparable prices on America’s top networks. The device will be available¬†in all Bluegrass Cellular Customer Care Centers, select Authorized Agent locations and at their online store.

In case you’re interested, Bluegrass has 21 company-owned retail locations and more than 30 authorized agent locations throughout 40 counties in central Kentucky.