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I see four problems:
1) you have to buy the base station on e-bay, have the original schematics and software ( source, not compiled ), know it and modify it;
2) the frequencies are still occupied by the phone companies and they don't like anybody to interfere with their communications ( at least here is seen as a public service and you can face the court )
3) you have to rearrange the SIM and/or the software inside the phone to give two new phone numbers;
4) how much it will cost ?. If it is for fun I can agree ( but consider the time used and the risks ); if it is anything commercial forget it.
Mandi