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00:00:00
Amazon one sold its own branded smartphone but scrap that business a year later now some four years later it's considering getting back into the wireless arena again sources tell Reuters the online retailer is interested in buying the prepaid cell phone service boost mobile that's one of sprint's brands sprint is merging with T. mobile U. S. and the two companies plan to reduce their share in the prepaid wireless business in a bid to get regulators to bless their marriage lawyers reporter Sheila dang help break the story they might be interested in getting into the wireless business but on the other hand they it do you obviously do a lot in cloud %HESITATION they have a lot of %HESITATION internet of things solutions and so having access to a five G. wireless network would really help them build that out sources say Amazon is also interested in any wireless spectrum the two companies made a vast potential bidders are vowing boosted up to three billion dollars Colin analysts estimate a deal that also includes wireless spectrum could add another one point five billion dollars to that tab shares of Amazon T. mobile US and sprint all fell Friday morning amid a broad selloff in the market led by the telecom sector