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What's the catch with 2degrees monthly contracts?

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I've noticed that if I switch to 2Degrees on a $39/month plan and get the SGS3 (which I'd just sell and keep what I have, should be able to break even) - then for $1 less a month than the current Telecom plan, I'm getting 70 more minutes, 2200 more texts, and 600MB more data.

This seems too good to be true (which is a sad indictment on the state of data allowances on NZ plans, but I digress) - what's the catch other than the 2 year contract?

Presumably the data is "local" only and doesn't apply if I'm roaming on VF? I can't find anything stating what "type" of data this includes.

Telecom aren't offering anywhere _near_ as good a deal as this, so might be time to jump ship methinks.

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