It’s been announced by German mobile operator T-Mobile, which is part of the Deutsche Telekom group, that they’ll be selling Iphone 3G for as low as 1 Euro.

Of course to get this cheap ass price you have to subscribe to data plan for a couple of years. Still it sounds like a business opportunity for german consumers.

I expect a flood of 100 US$ Iphone 3G being sold on ebay in late July, which is great if you know german.

You can read the full story developing on Reuters here.