Shares of Verizon Communications Inc. VZ sank 2.6% in morning trading Friday, to pace the Dow Jones Industrial Average’s DJIA decliners, after Bloomberg reported that Amazon.com Inc.
has been in talks with wireless carriers about offering mobile services to Prime members. AT&T Inc.’s stock T dropped 3.6% following the reports, and shares of T-Mobile US Inc. dropped 7.0% to pace the S&P 500’s SPX decliners. Meanwhile, Dish Network Corp.’s DISH stock shot up 16.0% to lead the S&P 500 gainers. Citing people familiar with the situation, the Bloomberg report said Amazon was negotiation with Verizon, T-Mobile and... Shares of Verizon Communications Inc. VZ sank 2.6% in morning trading Friday, to pace the Dow Jones Industrial Average’s DJIA decliners, after Bloomberg reported that Amazon.com Inc.
has been in talks with wireless carriers about offering mobile services to Prime members. AT&T Inc.’s stock T dropped 3.6% following the reports, and shares of T-Mobile US Inc. dropped 7.0% to pace the S&P 500’s SPX decliners. Meanwhile, Dish Network Corp.’s DISH stock shot up 16.0% to lead the S&P 500 gainers. Citing people familiar with the situation, the Bloomberg report said Amazon was negotiation with Verizon, T-Mobile and Dish to get the lowest wholesale prices, so it could offer the service to its Prime members at a low cost, or possibly for free.