“However, we are not in discussions about inclusion of our wireless in Prime service, and Amazon has told us they have no plans to add wireless service.”Īn AT&T spokesperson said much the same thing, telling Business Insider that the company is “not in discussions with Amazon to resell wireless services.”Īmazon has already proven itself adept at disrupting markets - just look at what it has done to the grocery store sector. “Amazon is a great partner to T-Mobile in many areas, and we are always interested in working more closely with our crosstown neighbors in new ways,” a T-Mobile spokesperson told Business Insider. The telecoms themselves were quick to downplay the rumors. Take Our Poll: Are You Concerned About the Safety of Your Money in Your Bank Accounts? The one outlier was Dish, which stands to gain the most from a relationship with Amazon. Major telecom stocks retreated early Friday on the news, CNBC reported, with Verizon, T-Mobile and AT&T all reporting selloffs. But the fact that Amazon, the nation’s fourth-biggest company by market value, is even pursuing a wireless phone plan is enough to grab the attention of both consumers and investors. Negotiations are still in the very early stages and it could take months for the service to launch - if it even gets off the ground at all. If those discussions go as planned, Amazon would be able to offer Prime members wireless plans for $10 a month - or possibly even free - as a way of building more loyalty among its top customers. See: 9 Things You Should Never Buy at Thrift Storesįind: How To Build Your Savings From ScratchĪmazon has spent the last couple of months in talks with Verizon Communications, T-Mobile US, AT&T and Dish Network to get the “lowest possible wholesale prices,” Bloomberg reported, citing sources “familiar with the situation.” The e-commerce giant is reportedly considering a move into mobile phone service that could cut monthly phone bills to less than $10 for Amazon Prime members - and the telecom industry is already rattled by the prospect. If you thought Amazon couldn’t cast its net even wider, you’re mistaken.
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