Wednesday 29th August 2018, London: A new way of paying for your devices comes to the market today as O2 continues to shake up the old habits of the mobile industry. The move responds to customers’ commitment phobia towards fixed contracts and the increasing need for flexibility.
In 2013 O2 challenged the industry status quo by providing true transparency to customers with the launch of its award-winning O2 Refresh tariff. Today O2 has announced the release of O2 custom plans, which means customers can now customise their device contract to suit their individual needs. Customers can select their airtime plan, choose how much they want to pay upfront for their device and how they want to spread the remaining cost of their device (from anywhere between 3 and 36 months, in one-month increments).
O2’s custom plans helps customers to buy the latest phone when it launches, on their terms, without facing high upfront costs and with 0% APR. This means every O2 customer gets the best value regardless of their contract length and will never pay for a device they already own, proving once more that O2 is the true customer champion as the only UK mobile network operator to offer this level of flexibility and transparency. It builds on O2’s flexible tariffs, launched last November, which give customers to ability to increase or decrease the cost of their airtime plan each billing month, depending on how much data they anticipate using.
Mark Evans, CEO of O2, said: “Our custom plans put power back in the hands of the consumers who don’t want to be tied down by rigid contracts especially at a time when certainty and transparency are at a premium in today’s economic environment.
“Businesses have a responsibility in these turbulent times to do what is right by their customers. The mobile industry does not have the best track record on transparent, flexible billing so we are laying down a challenge to the industry to follow our lead. We launched the first flexible tariff five years ago, which ensured customers don’t pay more than their device is worth, and yet the rest of the industry is still lagging behind. We owe more to the British public.”
In support of the move, new YouGov research commissioned by O2 reveals that:
Gone are the days of only being able to select fixed contracts. Customers will now be able to build a plan to suit them. They can choose:
O2 devices are also now supplied unlocked from their sim and regardless of how many months customers choose to repay their device cost over, the total cost will remain the same. With custom plans, O2 does not penalise customers by adding interest or charging early termination fees and customers are free to pay off their device in full, at any time. Furthermore, customers who want to upgrade can unlock the value in their latest device via O2 Recycle.
Custom plans are available on all pay monthly devices. For more information on custom plans, visit: www.o2.co.uk/custom-plans