The Trump Organization announced June 16 it was coming out with two offerings for consumers: a new cellular service and a new cellphone.

The Trump Organization gets into the wireless business with a $47.45-a-month mobile plan and a $499 phone available for preorder.

Donald Trump's family business licensed its name to launch a U.S. mobile service and a $499 smartphone on Monday, calling it Trump Mobile, in the latest deal brokered by the president's children to capitalize on his last name while he is in office.