Amazon Is Getting Into the Wireless Business. Are AT&T and Verizon Doomed?
The rumors are true. After Amazon (NASDAQ: AMZN) earlier dismissed talk of a new wireless package for Prime members, it turns out the tech giant is indeed teaming up with Dish Network (NASDAQ: DISH) to offer a new wireless service plan.
According to a Wednesday press release, Dish will make its Boost Infinite -- the first postpaid mobile service from the company -- available later this week on Amazon at $25/month for Prime subscribers, with the purchase of a $20 Boost Infinite Unlimited SIM kit. Prime members will also get an exclusive offer of a 20% discount on the SIM kit and a $25 credit on their first month of service. Even better, the $25/month price lasts as long as the customer stays active on the same plan.
Dish shares initially popped on the news before sliding in Wednesday's trading session, a sign investors may think the deal will be a money-loser for Dish. Meanwhile, Amazon was down modestly on Wednesday, though that may be related to disappointing cloud growth reported by . The financial arrangement between Dish and Amazon was undisclosed.
Source Fool.com
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