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Vodafone to offer iPhone on EMIs
August 22, 2008
Vodafone, which is offering the iconic Apple iPhone in
Talks are also in the final stages with ICICI Bank [Get Quote] and an agreement is expected to be signed in a few days.
The caveat is that customers have to buy the iPhone on the credit cards of one of these banks. The interest rate on the EMI, however, will be significantly lower than standard creditcard charges.
Industry sources said talks with one of the country's largest credit card companies Citibank were not successful.
For Vodafone, the phone will be available through 250 stores in 50 cities across
Airtel, however, said it has had over 200,000 pre-registrations. It will launch the phone in more than 65 cities beginning tomorrow. To woo more customers it will also offer 500 MB of downloads free of cost for a year apart from some other value-added services.
Sanjay Kapoor, Bharti Airtel [Get Quote] president for mobility, said it had no immediate plans for an EMI scheme though they are looking at some options.
The iPhone in
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