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News
Financial Times Declares European iPhone Partners
Monday, August 20th, 2007 at 4:00 PM - by .(JavaScript must be enabled to view this email address)
Apple has signed contracts with three European mobile phone operators that want to sell iPhones there, according to The Financial Times on Tuesday. Also, details of revenue sharing were divulged.
According to FT.com, the contracts were signed by T-Mobile of Germany, Orange of France and O2 in the UK. These organizations had been previously rumored by many to become Apple’s partners with the iPhone in Europe.
The contract requires the operators to hand over to Apple ten percent of the revenues obtained from voice and data. In concert with that, Apple is said to have ensured a risk-free business to the operators since subsidies will not be allowed. Despite the financial gain for the operators, the negotiations appear to have been one-sided.
“These are not negotiations among equals. Apple clearly had the upper hand,” an industry expert told FT Deutschland.
Apple has said that it plans to roll out the iPhone elsewhere in Europe and Asia in 2008.
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