O2 reveals iPhone 4 prices: Get a free iPhone 4 for just £1,170

O2 has revealed its prices for the iPhone 4, a day after Orange went public. O2’s up-front cost of the phone is the same as its bright-futured rival for the 16GB model, but a tenner cheaper for the 32GB model. Although that’s not counting the number of minutes, texts and data you’ll get — uh-oh, our head is hurting already. Time for some maths…

Like Orange, O2 is offering one option to net yourself a free iPhone 4, at the top of its range of tariffs. £65 for eighteen months, or £60 for two years gets you a gratis 16GB handset, which is a tenner per month cheaper than Orange for the same unlimited minutes and text deal — and 1GB of data rather than 750Mb. That’s a total of £1,170 over eighteen months or £1,440 for the two year contract.

SIM-only Simplicity tariffs are available, but not with a phone — you’ll have to either upgrade from your existing O2 contract or buy a SIM-free handset direct from Apple.

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O2’s tariffs look cheaper, and offer unlimited texts, but you have to pay at least £40 per month to compete with Orange’s across-the-board 750Mb data cap.

Let’s take the 16GB model on an 18-month, 500 minute, £35 tariff as an example. That’s £630-worth of monthly payments. On O2, you’ll pay £179 for the phone, costing you a total of £809. On Orange, you’ll pay £50 more, over the course of the contract, but you get twice as many minutes and more data.

O2’s tariffs for the iPhone 4 are the same as the tariffs for current models: 100, 300, 600, 900, 1200 or unlimited minutes, on eighteen or twenty-four month contracts, and one or twelve-months for SIM-only deals. The full details are in O2’s handy graph, below.

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Maths, eh? It’s enough to make your head spin. We’ll be crunching the numbers when all the networks announce their pricing, but in the meantime we need a lie-down. How are the deals shaping up to you, phone fans?

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