Telecoms Tank As Amazon Enters Space
It’s been a rough environment for telecom stocks, particularly the largest ones with diversified media businesses. However, things may get more challenging as Amazon enters the fray. So let’s see what today’s news and initial reaction were. 👇
The original report was from Bloomberg, which stated that Amazon was in talks to offer free or discounted mobile service to U.S. Prime Members. It indicated the tech giant had been talking with wireless carriers, negotiating with Verizon, T-Mobile, and Dish Networks to get the lowest wholesale prices possible. 📱