Budget on AT&T just got a little better, as the carrier has announced the LG Escape, a 4.3" entry-level Ice Cream Sandwich phone that will be available next week online and in stores. Here's a quick breakdown of the specifications:

• 4.3" qHD IPS display (960x540) with Gorilla Glass
• 1.2GHz dual-core processor (most likely a down-clocked Qualcomm Snapdragon S4 MSM8960)
• Android 4.0
• 4GB interal storage
• 5MP rear camera, 1.3MP front
• Bluetooth 4.0
• 2150mAh battery
• LTE support

While it's not the most exciting phone ever, at just $50 on contract, it's probably going to get a lot of attention at AT&T's retail stores (as most budget phones do).