Sign In  |  Register  |  About Menlo Park  |  Contact Us

Menlo Park, CA
September 01, 2020 1:28pm
7-Day Forecast | Traffic
  • Search Hotels in Menlo Park

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Amazon in talks to offer free mobile services to Prime members: Report

A new report claims online retail giant Amazon is in talks with major telecom firms to offer free or low-cost mobile service for Prime members in the U.S.

Amazon is mulling the possibility of offering free or low-cost mobile services to Prime members, according to a new report.

Citing people familiar, Bloomberg News reported the online retail behemoth has been in talks for several weeks with Verizon, T-Mobile, Dish Network and AT&T to negotiate a deal using an existing network to provide the service as part of Prime subscriptions.

AMAZON SELLERS AVERAGED OVER $230K IN SALES IN 2022

Shares of Verizon, T-Mobile and AT&T all fell in midday trading, while Dish – which Bloomberg reported "has the most to gain from a deal with Amazon" – saw a 20% boost.

A source told the outlet a potential deal would still take several months to get off the ground and could be scrapped entirely.

AMAZON IS AN ‘UNDERAPPRECIATED' AI PLAY FOR INVESTORS: MARK MAHANEY

An Amazon spokesperson told FOX Business in a statement, "We are always exploring adding even more benefits for Prime members, but don’t have plans to add wireless at this time."

The buzz over the possibility of Amazon offering cell services is not new. 

Last month, The Wall Street Journal reported the online retailer was working on a deal with Dish to sell phone plans through Amazon, which the outlet said "could give the telecom company's 5G rollout a lifeline."

GET FOX BUSINESS ON THE GO BY CLICKING HERE

In 2014, Amazon rolled out its own smartphone known as the Fire Phone, which operated on AT&T's network, but later abandoned it when sales failed to take off.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MenloPark.com & California Media Partners, LLC. All rights reserved.