We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
79,629 News Articles

One2One raises prices, white flag

Biggest phone bill in the world cripples telcos

Mobile telco One2One is planning a fivefold price hike for its existing pay-as-you-go handsets, bringing the prices from £10 to around £60.

One2One'sd justification is that it aims to encourage people away from prepay options towards yearly contracts, which make billing easier.

But it also means One2One will be able to guarantee future income, something the telco cannot do with pay-as-you-go services. This would, among other things, give One2One more leeway in paying its debts.

The move comes shortly after One2One and Vodafone admitted they need more time to pay off to tackle the crippling cost of 3G (third generation) licenses and future investments. They've been talking to Oftel and the Treasury, among others, and have asked for extensions on repayments.

One2One's managing director Harris Jones said, in a press statement last week, that costs such as the telco's recent £5.96bn licence fee purchase would not be recovered for at least 10 years.


IDG UK Sites

Samsung Galaxy Tab S 8.4 review: The best iPad mini and Nexus 7 rival tablet around

IDG UK Sites

Which Mac? Complete Apple Mac buyers guide for 2014

IDG UK Sites

Mobile email is powerful and useful - but also hopelessly intrusive

IDG UK Sites

Samsung lights up London skyline with Midnight Rainbow