Amazon Mobile

Sponsored by Max Resource Corp

Amazon entering the mobile market?

Amazon (NASDAQ: AMZN) is supposedly in discussions with wireless carriers to offer low-cost or even free nationwide wireless phone service to its Prime members. However, according to the e-commerce giant, such plans are merely that: a rumour, and nothing more.

According to Bloomberg which cited people familiar with the situation, Amazon has reportedly been in discussions with Verizon Communications Inc., T-Mobile US Inc., and Dish Network Corp. to secure low wholesale prices— even as low as $10 per month— in an effort to entice increased loyalty among its big spending customers. The talks have reportedly been underway for six to eight weeks, involving AT&T Inc. at times, but the initiative may take several more months to be operational, if it gets off the ground at all.

However, an Amazon spokesperson was quick to quell the rumours, explaining that a nation-wide phone service isn’t currently on the horizon. “We are always exploring adding even more benefits for Prime members, but don’t have plans to add wireless at this time,” Maggie Sivson said in a statement, as cited by Bloomberg.

You can read more on the matter here.

Max Resource Corp is a mineral exploration company advancing the newly discovered district-scale CESAR copper-silver project. The wholly owned CESAR project sits along the Colombian portion of the world’s largest producing copper belt, with world class infrastructure and the presence of global majors including Glencore and Chevron.

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FULL DISCLOSURE: Max Resource Corp is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Max Resource. The author has been compensated to cover Max Resource Corp on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.