Telecom buyers are feeling some ache Friday following stories that Amazon.com is wanting into coming into cell phone service.
Bloomberg Information reported Friday that the retailing big has been speaking with wi-fi carriers about providing low-cost or free cell to Prime subscribers.
Holders of conventional telecom shares clearly don’t just like the sound of that. AT&T, Verizon and T-Cell all fell at the least 4% or extra in latest buying and selling Friday. Amazon rose a bit greater than 1%.
