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Thursday, May 9, 2013 - 2:55pm

AT&T Creates New Prepaid Wireless Business

AT&T is expanding in the prepaid wireless niche with the launch of a new brand — Aio Wireless.

The new subsidiary will offer nationwide wireless service to customers interested in unlimited talk, text and data plans without an annual contract.

Aio launches Thursday in select stores in Houston, Orlando, Fla., and Tampa, Fla. AT&T plans to roll out the service in multiple markets across the U.S. over the next year. The company will offer three rate plans ranging from $35 to $70 a month.

Aio follow's T-Mobile's decision in March to move away from contract-based plans to appeal to more consumers.