It has been reported that mobile phone network O2 has successfully managed to win the contract for the highly sought after Apple iPhone.

O2 claims that the handsets will be available in time for Christmas, and will be priced at around £300 a piece.

 Hoping to replicate the hype caused in the US, where over 500,000 iPhones were sold in the first week, O2 are hoping to lure in customers from rival networks.

My guess is that it just might work.