Equities

Reuters reveals Amazon interested in buying Boost from T-Mobile, Sprint

Reuters reveals Amazon interested in buying Boost from T-Mobile, Sprint

Reuters exclusively reported that Amazon.com Inc is interested in buying prepaid cellphone wireless service Boost Mobile from U.S. carriers T-Mobile US Inc and Sprint Corp, in a surprise move for the largest U.S. online retailer, which has been building experience by offering phone calls through its Echo Connect product. Shares of Verizon Communications Inc and AT&T both closed down more than 4% the following day.