Amazon’s Next Big Target: The Telecom Industry?

At the end of October Amazon (NASDAQ: AMZN) Web Services and Nokia (NYSE: NOK) announced a partnership that flew under the radar for a lot of investors but could be very consequential for both companies' future in both 5G and the Internet of Things.

The partnership will marry Amazon's Web Services division with Nokia's comprehensive networking solutions to create a unified offering to service providers, large enterprises, and government entities for the next generation of connectivity.

You might wonder why Amazon, the leader in public cloud infrastructure, and Nokia, a diversified networking equipment vendor, would need to form a partnership in the first place. That's because the nature of IT and networking infrastructure is changing drastically by becoming more "converged," or unified.

Source: Fool.com