The plan is called O2 Lease and basically it will cost subscribers £55 a month. This includes a 16GB iPhone 4S, 750 minutes worth of talk time, 500MB of data, unlimited texting and O2’s mobile insurance. If 16GB isn’t enough for you, you can opt for the 32GB iPhone 4S at an additional £10 a month, which would basically amount to £65 a month for the 32GB iPhone 4S.
There doesn’t appear to be a catch, although logically and without saying the phone must be returned to O2 at the end of the rental period in good condition or face charges. Doesn’t seem like too bad of a deal, hopefully the same plan will eventually extend to all phones in the future.
[Image credit – Nokiano]