US telecom stocks fall on report Amazon in talks for wireless services

📆 03/06/2023 00:05:00
📰 Reuters

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Shares of Verizon Communications Inc , AT&T Inc and T-Mobile US Inc declined on Friday after a report said Amazon.com Inc was in talks with the U.S. telecom firms to offer low-cost wireless services to its Prime members.

"We are always exploring adding even more benefits for Prime members, but don't have plans to add wireless at this time," an Amazon spokesperson said in response to a Reuters query.

AT&T declined to comment, while Verizon and T-Mobile denied the talks. Dish did not respond to Reuters requests for comment. Dish's shares defied the sectoral gloom to rise 22%. They had also rallied in May after a Wall Street Journal report that Dish was in talks to sell its wireless plans through Amazon.

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