Amazon in talks with telecom companies for low-cost services - Bloomberg News
Amazon.com Inc is in talks with wireless carriers Verizon Communications, T-Mobile US Inc and Dish Network Corp to offer low cost mobile services in the U.S., Bloomberg News reported on Friday.
The discussions, which have been going on for six to eight weeks, have also included AT&T Inc at times, the report said, citing people familiar with the matter. Bloomberg News also said Amazon has been negotiating to get the lowest possible wholesale prices that would let it offer Prime members wireless plans for $10 a month or possibly for free.Shares of Verizon, T-Mobile and AT&T were down about 6 per cent in premarket trading on Friday. Shares of Dish Network, whose talks with Amazon were earlier reported in the media, were up 9 per cent.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apollo, Bain, possible bidders for Fujitsu's $2.7 billion stake in Shinko - Bloomberg NewsFujitsu Ltd's controlling stake in Shinko Electric Industries Co has attracted interests from Apollo Global Management Inc and Bain Capital as potential bidders, Bloomberg News reported on Wednesday.Dai Nippon Printing Co, Japan Investment Corp and KKR & Co have also expressed interest in the stake, the r
Read more »
China mulls new property-market support package to boost economy - Bloomberg NewsChina is working on new measures to support the property market after existing policies failed to sustain a rebound in the sector, Bloomberg News reported on Friday, citing people familiar with the matter.
Read more »
China plans new property-market support package to boost economy - Bloomberg NewsBeijing/Hong Kong :China is working on new measures to support the property market after existing policies failed to sustain a rebound in the sector, Bloomberg News reported on Friday, citing people familiar with the matter.Regulators are considering reducing downpayments in some non-core neighborhoods of maj
Read more »
Amazon Web Services India head resigns - spokespersonBENGALURU : The head of Amazon.com Inc's cloud division, Amazon Web Services, in India and South Asia, Puneet Chandok, has resigned, a company spokesperson told Reuters on Friday.
Read more »
Amazon to pay $30 million for Alexa, Ring privacy violationsWASHINGTON : Amazon.com and a subsidiary reached separate multi-million dollar settlements with the U.S. Federal Trade Commission on Wednesday related to privacy violations of children using its voice assistant Alexa and homeowners using its Ring doorbell camera.Amazon agreed to pay $25 million to settle
Read more »