Shares in Verizon, T-Mobile and AT&T tumbled today after Bloomberg reported that Amazon is in talks with carriers to possibly resell low-cost or free cell phone service to Prime members.
Citing people familiar with the situation, Bloomberg said Amazon is holding discussions with Verizon, T-Mobile and Dish Network to get the lowest possible wholesale price. The negotiations, which have been ongoing for six to eight weeks, have at times included AT&T, according to the report.
T-Mobile, AT&T and Verizon all told Bloomberg they were not currently in discussions with Amazon about wireless service.
“AT&T is not in discussions with Amazon to resell wireless services,” AT&T said in a statement provided to Fierce after this story was first published.
T-Mobile issued the following statement: “Amazon is a great partner to T-Mobile in many areas, and we are always interested in working more closely with our cross-town neighbors in new ways. However, we are not in discussions about inclusion of our wireless in Prime service, and Amazon has told us they have no plans to add wireless service.”
Similarly, Verizon denied any discussions with Amazon.
“Verizon is not in negotiations with Amazon regarding the resale of the nation's best and most reliable wireless network. Our company is always open to new and potential opportunities, but we have nothing to report at this time," the company said in a statement. Read More Here
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