Can my iPhone 3GS be reformatted?

hayzen77

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I have an iPhone 3GS and will be giving it to a relative. But I want the iPhone to be cleared of any old data and like new before I give it to them.

Is there a way to reformat the iPhone 3GS? It's a locked phone but I need to keep it unlocked so they can use it overseas. It's currently on iOS 4.0 and it is the old bootrom.

Thanks.
 
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