Want a smartphone on the cheap? Usually that means going the subsidized route, signing up for a two-year contract that’ll cost you a small fortune by the time you’re done.

The Kogan Agora is an unlocked Android 4.0 smartphone priced at $149 (plus shipping). Due to arrive in the U.S. next month, it’ll support no-contract, pay-as-you-go plans from AT&T and T-Mobile. Oh, and it has a 5-inch screen.

To put that in some perspective, the similarly phablet-size LG Optimus Vu 2 and Samsung Galaxy Note 2 sell unlocked for $860 and around $700, respectively.

Needless to say, $149 won’t buy you quite the same level of specs that you’ll get from those models. But as entry-level phones go, the Agora might prove appealing to budget-minded buyers.

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