Motorola and Apple are set to debut the much-anticipated iTunes phone next month at UK's "V Festival," an event sponsored by Virgin Mobile, which will be one of the first mobile carriers to offer the phone. Citing an analyst report, TheStreet.com reports that the "iPod-inspired music phone -- which Motorola twice pulled from introductions earlier this year, apparently under orders from Apple chief Steve Jobs -- will debut in the U.K. next month." Quoting American Technology Research analyst Albert Lin, the report says that the planned venue is a four-stage Virgin Mobile-sponsored "V Festival" concert, which takes place from Aug. 20-21. Earlier this week, Motorola told analysts that the phone would be unveiled at a separate music event within the next 66 days and would be available in the third quarter.