Everyone's excited for the unveiling of the latest smartphones at the MWC 2017 in Spain. As technophiles await the unwrapping of the LG G6 and get a sneak peek of the Samsung Galaxy S8, retailers start to slash the price of older handsets.

This move is nothing new; we've seen it done with other premium smartphones in the past as manufacturers and retailers try to get rid of old items in the inventory.

AT&T Galaxy S7 BOGO Deal

AT&T has started offering its first buy-one-get-one smartphone deal of the year on Friday, Feb. 24. Subscribers who want to upgrade their existing lines or get an extra line can do so via AT&T Next or AT&T Next Every Year Program.

"We are excited to offer our customers our first BOGO of the year. It includes options for everyone, including business customers.Plus, these smartphones allow you to do more of what you love, like streaming your favorite shows data-free using the DirecTV app, Fullscreen or DirecTV Now," AT&T said in a statement.

The carrier offers three popular 2016 flagship smartphones for this promo. Subscribers can grab a Samsung Galaxy S7 BOGO deal, an Apple iPhone 7, or an LG G5. Take note that the second handset must come from the same manufacturer. So, for example, if you want a Galaxy S7, you'll get another S7.

Just like other smartphone BOGO deals, there's always a catch. The second smartphone isn't really free. AT&T will give subscribers bill credits totaling $695 for 24 to 30 months to cover for the price of the unit. The max credits will vary depending on the smartphone that you will get.

The deal also requires that you get a minimum monthly service plan of $70 per month, and you have to pay for the first three months before the bill credits start. In case you decide to have the line cut, you will be required to pay for the remaining device balance.

Those who are switching carriers can also get a $650 bill credit deal that they can use for their first device with AT&T. However, one should also read the fine print before signing anything.

These AT&T smartphone BOGO deals are perfect if you want to grab potent smartphones and avoid the high sticker price of the upcoming iPhone 8, Galaxy S8, or the LG G6.

Best Buy Offers Big Discount On LG G5

Best Buy also offers some good deals for the LG G5.

The LG G6 is almost here but the LG G5 can still offer you a unit with good specs running on Android Nougat. Best Buy offers 24-month installments for the 2016 flagship smartphone.

Sprint's version of the deal requires buyers to pay $10 per month or about $340 off its retail price. Yes, not bad.

AT&T's offer via Best Buy comes at $12 a month, and those who opt for an LG G5 with Verizon need to pay $15 per month.

Buyers who want an unlocked LG G5 can grab one for $400.

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