O2 is offering the Motorola Razr (alongside the HTC Sensation XE and the Samsung Galaxy S2) from a two year contract with a total cost of ownership of £357.
The deal entails paying a one off cost of £105 and then 24 monthly payments of £10.50 per month (you will have to cancel the data allowance pack that comes with the bundle by default).
You do get 50 minutes and 250 texts per month but it's more likely that you will be using your own existing SIM card. Tesco Mobile and Giff Gaff users do not need to unlock their handsets; others will have to.
The handset was announced late last year and comes with Android 2.3 Gingerbread (with Motocast) with a Kevlar fibre back and a 4.3-inch 960 by 540 pixels screen protected with Corning's Gorilla Glass.
Other features include an ultra thin profile, an eight megapixel camera, a TI OMAP4460 processor clocked at 1.2GHz, 1GB, 16GB onboard storage, a microSD card slot, a front facing 1.3-megapixel camera, a 1750 mAh battery, DLNA compatibility, the ability to use Motorola's Lapdock docking station, Wi-Fi, GPS and Bluetooth 4.0.