By Marielle Simon for Daily Mail Australia and Aap Good news for consumers - Optus will pay customers who terminate contracts with  rivals up to $200 in an aggressive bid to claw back ground in the cut-throat mobile market. Under a new offer launched on Sunday, people who abandon their existing contracts and move to 24-month Optus plans will have the money added to their plan's credit to help offset cancellation charges. The move is timed to take advantage of the pre-Christmas influx of new smartphone models, such as the iPhone 6, which Apple is expected to unveil this week.
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Optus is set to pay up to $200 to customers who terminate contracts with rivals
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Australia's second-biggest telco lost 126,000 mobile subscribers in the last financial year to Telstra
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The move is timed to take advantage of the unveiling of Apple's iPhone 6, which is expected to be released this week
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Meanwhile, @placeholder added close to one million new mobile subscribers as it reached a total of some 16 million, which includes non-smartphone users.