Shares of several telecom stocks are trading lower following a Bloomberg report suggesting Amazon is in talks with Verizon, Dish and T-Mobile to offer a low-cost, or possibly free, mobile service to U.S. Prime members.
Portfolio Pulse from Benzinga Newsdesk
Telecom stocks are trading lower after a Bloomberg report indicated that Amazon is in talks with Verizon, Dish, and T-Mobile to offer low-cost or free mobile service to U.S. Prime members.
June 02, 2023 | 1:56 pm
News sentiment analysis
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POSITIVE IMPACT
T-Mobile's stock may be positively impacted by the potential partnership with Amazon to offer low-cost or free mobile service to U.S. Prime members.
T-Mobile is directly mentioned in the article as one of the companies in talks with Amazon. A partnership with Amazon could increase T-Mobile's customer base and positively impact its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Verizon's stock may be positively impacted by the potential partnership with Amazon to offer low-cost or free mobile service to U.S. Prime members.
Verizon is directly mentioned in the article as one of the companies in talks with Amazon. A partnership with Amazon could increase Verizon's customer base and positively impact its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
AT&T's stock may be negatively impacted by Amazon's potential partnership with Verizon, Dish, and T-Mobile for low-cost or free mobile service.
Although AT&T is not directly mentioned in the article, the potential partnership between Amazon and its competitors could negatively impact AT&T's market share and stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 0