Amazon is evaluating entry into telephony in the United States. Shares of other operators fell

Amazon is evaluating entry into telephony in the United States.  Shares of other operators fell

Amazon group In talks with some phone companies To offer free or low-cost mobile phone service to Prime members in the United States. Amazon will handle Verizon Network, T-Mobile, and Dish Network To try to get the lowest wholesale prices. The company’s goal is to offer Prime subscribers plans from $10 a month Or completely free for augmentation customer loyalty.

The plan will remain under evaluation and is said to not be delayed. However, the news sent shockwaves through the stock market, dumping the securities of other TLC companies. Verizon is losing nearly 5%, as well At & T f T-Mobile. Deutsche Telekom, which owns a majority stake in T-Mobile, fell 8.8% on the Frankfurt Stock Exchange. Amazon Prime customers in the US pay $139 a year for services like free express delivery, video streaming, and access to 100 million songs. However, analysts report that subscribers have stopped growing since Amazon raised the cost of the program by $20. With “Prime wireless”, Amazon will become a new operator, By reselling mobile service to one of the three largest US telecom groups. It could decide to offer Prime members wireless service at an attractive price, prompting customers to cancel their existing cell phone service.

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