RCom to sell iPhone 5s and 5c at zero down payment

Nov 01, 2013, 04.33 PM IST

"The company has announced two game-changing offers, just Rs 2,599 per month for the iPhone 5c and Rs 2,999 per month for iPhone 5s, both for a duration of 24 months, which include handset cost, unlimited local and STD calls, SMS, national roaming and 3G data," RCOm said in a statement.

Like this story, share it with millions of investors on M3

RCom to sell iPhone 5s and 5c at zero down payment

Like this story, share it with millions of investors on M3

RCom to sell iPhone 5s and 5c at zero down payment

Share . Email . Print . A+A-

RCom to sell iPhone 5s and 5c at zero down payment

Eyeing the festival season demand, Reliance Communications (RCOM) today said consumers can own the 16 GB models of iPhone 5s and 5c by paying Rs 2,999 and Rs 2,599 per month, respectively, for 2 years.

The firm said that no down payment is required to purchase Apple's iconic brand. "The company has announced two game-changing offers, just Rs 2,599 per month for the iPhone 5c and Rs 2,999 per month for iPhone 5s, both for a duration of 24 months, which include handset cost, unlimited local and STD calls, SMS, national roaming and 3G data," RCOm said in a statement.

It added that users will not receive any usage bill for 24 months, as the monthly payments include all usage charges. Customers would be required to pay additionally for international calls and international roaming, RCom said.

Also read: DoT in a fix over 800 MHz spectrum pricing: Sources

RCom has also tied-up with select credit card providers for its latest offering. The company said the offer is part of its efforts to bring more smartphone users to its 3G network, which will increase post-paid customers to its customer base and further cement its position as a data services provider.

Customers can buy the new iPhone 5s and iPhone 5c at any Reliance outlets in the company's 13 3G circles, it said.

On November 01, 2013, Reliance Communications closed at Rs 151.70, up Rs 5.25, or 3.58 percent. The 52-week high of the share was Rs 164.45 and the 52-week low was Rs 50.25.

The company's trailing 12-month (TTM) EPS was at Rs 3.14 per share as per the quarter ended June 2013. The stock's price-to-earnings (P/E) ratio was 48.31. The latest book value of the company is Rs 160.57 per share. At current value, the price-to-book value of the company was 0.94.