Amazon in Talks to Offer US Prime Members Mobile Service

Amazon is reportedly in talks with major telecom companies to offer a mobile service to its Prime members in the U.S. This move has caused significant market reactions, with Amazon's stock rising and telecom stocks falling. The plan involves Amazon accessing wholesale prices to offer low-cost or free mobile services to Prime members, potentially increasing the utilization of 5G networks. This development could disrupt the telecom industry, as Amazon's financial strength allows it to undercut pricing, affecting the future of carriers like Verizon, AT&T, and T-Mobile.

What reaction did T-Mobile's stock experience following the news of Amazon's potential mobile service?

Evaluate responses using AI:

OFF

What is the significance of Amazon's potential mobile service for Prime members?

Evaluate responses using AI:

OFF