Tag Archives: Terms

Britain's O2 allows customers to choose smartphone pay back terms
August 29, 2018 12:00 am|Comments (0)

LONDON (Reuters) – Britain’s O2 said it will allow customers to choose how much they pay upfront for a smartphone and how they spread the payments of the balance, targeting subscribers who want more control over their mobile contracts.

A man walks past an O2 phone store in Manchester, Britain March 7, 2016. REUTERS/Phil Noble/File Photo

The operator, owned by Spain Telefonica (TEF.MC), said customers would be able to pay for their new devices in monthly increments for any period between three and 36 months, all with no interest charged, as well as choosing an airtime plan.

Chief Executive Mark Evans said on Wednesday: “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.”

O2, the second largest British operator after BT (BT.L), said the “Custom Plans” built on the tariffs it introduced in 2013 that separate the cost of airtime and the cost of paying for the phone, and the change it made last year that allows customers to increase or decrease their airtime each month depending on their data needs.

Reporting by Paul Sandle; editing by David Evans

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Toshiba shares gain after Western Digital offers to exit chip bid for better JV terms
September 6, 2017 12:43 am|Comments (0)

TOKYO (Reuters) – Toshiba shares rose 3 percent in early trade on Wednesday after sources told Reuters that Western Digital Corp has offered to drop out of a group bidding for its flash memory chip business to take a stronger position in their joint venture instead.

The move could see Toshiba finally seal a deal to sell the chip business after months of delays, providing it with the funds needed to cover billions of dollars in liabilities arising from the failure of U.S. nuclear unit Westinghouse.

Reporting by Chris Gallagher; Editing by Stephen Coates

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