We have two news pieces to cover today, and seeing as these are very short we thought we would notify you here within this news article. The iPhone 5 has now been approved in China by regulatory agencies, and we would also like to report that Bluegrass Cellular is offering a discount on the iPhone 5 this Friday.

So kicking off with the iPhone 5 China news, according to an article over on Apple Insider, by way of Chinese news website Sina, two new models of the iPhone, the A1429 and A1442 have received approval from the China State Radio Management agency.

The A1429 version will run on China Mobile’s GSM network and China Unicom’s 3G network, whilst the A1442 version will run on the China Telecom network, according to Apple’s iPhone page, although China Mobile has yet to officially pen a deal with Apple for the iPhone, although both companies are said to be in talks and moving forward to reach an agreement.

A hard and fast launch date for the iPhone 5 in China hasn’t yet been announced, but it is believed that the new iOS smartphone should become available by the year’s end.

Moving on to Bluegrass Cellular and the iPhone 5, according to PRnewswire, Bluegrass Cellular will begin offering their customers the iPhone 5 as of this Friday the 2nd of November, commanding a price tag of 149-bucks for the 16GB model, whilst the 32GB handset will cost 249-bucks and the 64GB 349-bucks, thus at a 50-buck discount to what Apple is asking.

In addition to offering the iPhone 5 at a discount, Bluegrass Cellular will also offer the iPhone 4S starting at 49-bucks, and the iPhone 4 starting at just $0.99.