That works -- you can block/cancel phone service and keep BlackBerry data, as a data-only service. You will lose phone capability including SMS texting capability, but you will have no problems with email assuming your plan is configured correctly.
I tried blocking incoming calls since I don't use my BlackBerry for phone, that blocking worked, but that also blocked incoming SMS text messages. So I moved the block, and took the risk of charges for people trying to ring my phone for long enough to get the clock running.
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