Hot on the heels of Orange, Vodafone has announced its iPad 2 prices for the UK undercutting its competitor on the £199 pricing of the second-gen tablet.

Much like Orange, Vodafone has declared it will offer the 16GB Wi-Fi + 3G version of the iPad 2 for just £199 as part of a two year contract. Unlike the Everything Everywhere network, however, Vodafone has overlooked the £25 per month pricing instead opting for a new national low of, wait for it, £24.50 per month.

For this monthly expense Vodafone’s iPad 2 customers will be treated to a 2GB of data monthly allowance and a 1GB data allowance over the BT Openzone Wi-Fi network. Those exceeding their monthly quota will be charged £15 for addition 1GB of data used by the red-hued network.

Apple announced earlier this week that the iPad 2 would be made available from 5pm on Friday, March 25th, with all third party retailers such as Vodafone and Orange to hold stocks until that hour.

Are you one of the many who will be snapping up and Apple iPad 2 on launch day tomorrow? If so let us know via the T3 Twitter and Facebook feeds.