Sunday, June 1, 2025

Latest

Could Amazon Become a National Brand in the Wireless Industry? New Rumors Spark Discussion

Amazon (NASDAQ: AMZN) is supposedly in discussions with wireless carriers to offer low-cost or even free nationwide wireless phone service to its Prime members. However, according to the e-commerce giant, such plans are merely that: a rumour, and nothing more.

According to Bloomberg which cited people familiar with the situation, Amazon has reportedly been in discussions with Verizon Communications Inc., T-Mobile US Inc., and Dish Network Corp. to secure low wholesale prices— even as low as $10 per month— in an effort to entice increased loyalty among its big spending customers. The talks have reportedly been underway for six to eight weeks, involving AT&T Inc. at times, but the initiative may take several more months to be operational, if it gets off the ground at all.

However, an Amazon spokesperson was quick to quell the rumours, explaining that a nation-wide phone service isn’t currently on the horizon. “We are always exploring adding even more benefits for Prime members, but don’t have plans to add wireless at this time,” Maggie Sivson said in a statement, as cited by Bloomberg. Whether the rumours are true or not, though, this isn’t the first time that Amazon has ventured into the wireless sector. In 2014, Amazon launched the Fire Phone, but it was discontinued a year later.

Amazon Prime users in the US currently pay $139 per year for services such as fast free delivery, video streaming, and access to a vast music library. Despite these perks, Prime membership has stalled after Amazon increased the annual price from $119. Still, the Seattle-based retail giant has demonstrated its willingness to absorb billions of dollars in costs to boost Prime membership growth. The mobile operators, having invested billions into 5G networks, are ambitiously looking for new applications and sales outlets that could yield a return on investment.

Amazon last traded at $125.09 on the NASDAQ.

Information for this briefing was found via Bloomberg and Reuters. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

One Response

  1. CANADA NEEDS better cell phone service and cost. The Canadian Government has not protected Canadians from paying one of the highest rates in the World however the CRTC / Government more than likely will not allow Amazon phone service … On the other hand .. Amazon and data collection, Cell phones give out a huge amount of personal data. Google phones and now Amazon phones. What could go wrong?

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Amazon Also Backs Small Modular Reactors in Latest Clean Energy Push

Amazon (Nasdaq: AMZN) has announced plans to invest in nuclear energy projects, focusing on Small...

Thursday, October 17, 2024, 11:05:00 AM

Amazon Shares Tumble As Bottomline Dwindles In Q3 2022

Amazon.com, Inc. (Nasdaq: AMZN) reported on Thursday post-closing its financial results for Q3 2022. The...

Friday, October 28, 2022, 11:14:00 AM

Amazon Accused of Breaching Russian Sanctions with Facial Recognition Technology

A former employee has accused Amazon (NASDAQ: AMZN) of violating UK sanctions by allegedly providing...

Saturday, June 8, 2024, 09:14:00 AM

Amazon Unveils Self-Driving Taxi in Latest Bid to Compete in EV Market

It appears that the world’s two richest billionaires are about to give each other a...

Monday, December 14, 2020, 02:23:00 PM

Amazon Posts 11% Revenue Growth but Cautious Q4 Outlook Leaves Wall Street Wary

Amazon’s (NASDAQ: AMZN) third-quarter earnings report for 2024 showed robust revenue growth and margin expansion...

Thursday, October 31, 2024, 10:02:00 PM