Less than an hour ago we just posted that Econet is selling a free Galaxy I9000 on contract for US $6,000 payable in $250 installments over 2 years. Yes, we know that statement is bit confusing but that’s the information on their website right now. In the article we came up with the assumption that since the actually local market value of the phone is about $480, the rest, $230 a month, is for data.
We just got some clarification from Econet. Basically their website has incomplete information on the deal. The $6,000 contract part is correct. However the deal is that you get $250 worth of voice calls, SMS and mobile broadband data every month. Effectively this does make the Samsung Galaxy I9000 free, as in free. Here’s an image we received to confirm this:
The Econet contact we communicated with says to walk out of the deal before the 2 year contract has expired, a subscriber will just pay the residual value of the handset and leave. If a subscriber doesn’t use up the $250 allocation of their data and airtime in a month, it rolls over to the next month until the end of the contract, upon which a subscriber can choose to roll it over to another contract or just start downloading movies.
To put the value in simpler terms, say you split your usage equally between voice calls and data (we’ll assume you use WhatsApp for SMS), you’ll get about 9 hours of talk time and 1.6GB of data every month for your $6,000.
We’re told the deal is targeted at business guys and that Econet is in the testing phase of the subsidisation model common in developed markets. Lower income users have other contract deals available starting at $20 a month.
What do you think? fair deal?
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