Amazon interested in buying Boost from T-Mobile, Sprint - sources
Amazon is considering buying Boost mainly for an attached wholesale deal that would allow the buyer to use T-Mobile`s wireless network for at least six years, one of the sources said.

Amazon.com Inc is interested in buying prepaid cellphone wireless service Boost Mobile from U.S. carriers T-Mobile US Inc and Sprint Corp, according to two sources familiar with the matter. Amazon is considering buying Boost mainly for an attached wholesale deal that would allow the buyer to use T-Mobile`s wireless network for at least six years, one of the sources said. Amazon would also be interested in any wireless spectrum that could be divested, the source said.
Amazon declined to comment. T-Mobile and Sprint did not immediately respond to requests for comment. It was not immediately clear why the U.S. online retail giant and cloud services provider would want the wireless network and spectrum.
T-Mobile and Sprint have offered concessions, including selling Boost, to reduce their market share in the prepaid wireless business and gain regulatory approval for their planned $26 billion merger.
TRENDING NOW

EPFO extends deadline to upload details by employers for higher pension option by 3-month till Dec 31

Guaranteed Pension System (GPS) vs Old Pension Scheme (OPS): Which pension scheme offers maximum retirement benefits?
The U.S. Justice Department would need to scrutinize the buyer of a divested asset to ensure it will stay viable and preserve competition.
The carriers are also considering divesting wireless spectrum, or airwaves that carry data, in order to push the merger through.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

Small savings schemes: Five-year recurring deposit will make more money for you in December quarter; this is the new interest rate

Plaza Wires IPO hits Street: Issue price, subscription status, listing date, other key details to know

Kerala Weather Update: Heavy rain lashes parts of Thiruvananthapuram, IMD sounds yellow alert in all districts

Flipkart Big Billion Days Sale 2023: iPhone, Google Pixel, Samsung Galaxy, and Motorola; best phones under Rs 60K-Rs 1.5 lakh category
06:28 am