The Dev Team have released an update to their iPhone unlocker called Ultrasn0w which unlocks iPhone with Baseband under 05.11.07. The update fixes the carrier naming problem that quite a few people were suffering from. You can download the update through Cydia (it should appear automatically).
If you have an iPhone with 05.1107 (ie doesn’t work with Ultrasn0w) and want to unlock it, use Blackra1n.
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[...] not pay for unlocking software, Ultrasn0w is available for free HERE. Share and [...]