O2 slashes cost of iPhone 5 on ‘Refresh’ tariff

O2’s promotion sees the upfront cost of the latest iPhone reduced by £170 to £99.99 on a £37 Refresh contract

O2 has launched a promotion on the iPhone 5 which reduces its upfront cost by £170.

Customers who sign up to the networks ‘Refresh’ tariff before May 29 can get an iPhone 5 64GB on a £37 contract, with an upfront cost of £99.99, down from £269.99.

O2 Refresh, designed to allow customers to upgrade their device at any time during their contract, has been chosen by 95 per cent of customers buying an iPhone 5 since the tariff launched in April.

The offer is available in O2 stores and, for existing customers, over the phone.