Will I be able to use Nokia 5300 as an MP3 player after the phone service is terminated?

I have a Nokia 5300 XpressMusic buzz from T-movable. It works quite well also as an MP3 player + FM telephone system. But I am wondering what will happen when my T-movable contract is over and I want to switch to Verizon with a new buzz? Will I still be able to use this Nokia buzz as an MP3 player + telephone system?

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