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Many users asked us how to unlock their iPhone 4 on baseband 4.11.08, on the software method, the only thing we know is UltraSn0w's developer is working on it, but sadly no ETA. Kind of hope is, recently the team behind Rebel SIM (R SIM) claims a hardware method to unlock the iPhone 4 baseband 4.11.08 running on firmware iOS 5 with R SIM IV. R-SIM (Rebel SIM).
This is a turbo SIM card developed by REBEL Alpha X-SIM just like GEVEY SIM and does not require jailbreaking the device to unlock it.
REBEL Alpha X-SIM has earlier released R SIM to unlock iPhone 4S on iOS 5.0.1 and basebands 1.0.14, 1.0.13, 1.0.11, R SIM II for unlocking iPhone 4S iOS 5 and R-SM III to unlock iphone 4S iOS 5.1. But still the baseband 4.11.08 was still locked. Now, R SIM IV will unlock the baseband 4.11.08 on iPhone 4.
Those, who are not aware, R SIM is a SIM interposer like GEVEY SIM, which unlocked your iPhone without cutting the original SIM. You just need to insert your SIM into R-SIM tray and insert it into the handset. Then select your country and carrier and enter 112 mode.
How to Unlock iPhone 5 iOS 5 on baseband 4.11.08
You can get R SIM IV to unlock iPhone 4 is available at EachSupplier for $59 and will be delivered in 10 days. Once you get your SIM interposer.
 
Warning: Until now this is the only unlock method available for 4.11.08, but we have not receive any verified reports from users or authority. We suggest you not to order it unless it is verified. We will keep you updated if there is anything new.
via jailbreakwire