Monday, June 3, 2019

"Amazon Entering Wireless Would Be 'Batshit Crazy' Says Analyst" (AMZN)

Following up on Friday's "Amazon as a wireless carrier? Company reportedly wants to buy Boost Mobile from T-Mobile and Sprint".
I'm pretty sure Amazon doesn't want to do telephony, more probably some 5G IoT stuff.
From ZeroHedge:
The massive growing conglomerate that is Amazon has been famous for moving into new industries over the last decade. But it is one proposed move - a foray into the wireless industry – that has one Wall Street analyst calling the company "batshit crazy", according to Bloomberg.

Amazon could be interested in purchasing prepaid phone service Boost Mobile from Sprint and T-Mobile, Reuters reported last week. The move may align with Amazon's recent strategy to "broaden the value of its offerings to lower-income shoppers", Bloomberg noted. Both Amazon and Wal-Mart have recently been tapped to try out a pilot program to accept U.S. government food assistance for online orders.

MoffettNathanson’s Craig Moffett didn't mince words in a note to clients about the possibility of such a purchase: "Every once in a while, a news item comes along that is so batshit crazy – sorry for the profanity, but your author is at a loss for a better word here – that one is simply brought up short."....
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