Telecom stocks including AT&T (NYSE: T), Verizon (NYSE: VZ), and T-Mobile (NASDAQ: TMUS) were all pulling back Friday on some surprising news. According to Bloomberg, Amazon (NASDAQ: AMZN) is considering entering the wireless market, as it's held discussions about offering nationwide mobile phone service to Prime members, either for free or at a discount. Bloomberg said that Amazon is negotiating with Verizon, T-Mobile, and Dish Network (NASDAQ: DISH) to get a low wholesale price for service that it could then turn around and offer to Prime members for $10 a month or even free as an incentive to join and stick with the membership program...
Continue ReadingTom Rodgers, fmr. NBC Cable president, joins 'Last Call' to discuss the report Amazon might launch a mobile service for Prime customers...
Continue ReadingAmazon may be looking to offer a new service for its Prime members. Bloomberg News is reporting Amazon is in early talks with wireless companies to offer mobile phone plans for its U.S. Prime members. Yahoo Finance Tech Editor Dan Howley explains why Amazon may want to expand its Prime offerings...
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Continue ReadingShares of Dish Network (NASDAQ: DISH) are up 17.1% as of 2:02 p.m. ET Friday in response to reports that Amazon (NASDAQ: AMZN) is considering a partnership with the company that could offer low-cost or no-cost wireless service to Amazon Prime subscribers. The same possibility was floated by The Wall Street Journal a little over a week ago. Perpetually looking for ways to attract and retain Prime subscribers (who tend to spend more at Amazon.com than non-Prime members), Amazon offers a suite of digital offerings like on-demand video, audiobooks, discounted restaurant delivery, and free shipping on most items ordered online...
Continue ReadingAmazon is constantly thinking of new ways to entice new people to sign up for Prime, and a new report suggests the company is pulling out all the stops for its next promotion. Amazon is reportedly in talks with wireless carriers Verizon Communications , T-Mobile U.S. and Dish Network to offer free mobile service to U.S. Prime members, Bloomberg reported. Amazon Prime currently costs $14.99 per month, or $139 for the year, and a phone plan that is included would greatly reduce the wireless bills for countless Americans, who on average pay about $166 per month, according to some estimates...
Continue ReadingTelecom stocks tumbled on Friday on renewed reports that e-commerce giant Amazon.com plans to sell mobile phone services in the U.S...
Continue ReadingCommunications services companies rose, but not by as much as the broad market, amid fears that Amazon.com could encroach on wireless phone carriers'.....
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