“Boost Mobile is estimated to have 7 to 8 million customers and could fetch up to $3 billion“
E-commerce giant Amazon is said to be interested in acquiring prepaid cellphone wireless service ‘Boost Mobile’ from noted U.S. carriers T-Mobile and Sprint, according to Reuters. Citing insider sources, the report says that Amazon is considering Boost’s purchase to use the new T-Mobile wireless network, which is the name of the new entity born out of T-Mobile and Sprint merger, for six years. The retailer could also be interested in the wireless spectrum that T-Mobile and Sprint could dispossess. However, neither of them have commented on the speculation yet.
Furthermore, it isn’t clear why Amazon would be interested in a wireless network and spectrum and where it intends to use it, but it makes sense to believe that it might want to add wireless network capabilities to its upcoming products. T-Mobile and Sprint have agreed to sell Boost as a measure to reduce their market share in the pre-paid business. Selling Boost could fetch up to $3 billion for the Merger. According to Cowen analysts, Boost is estimated to have 7 to 8 million customers.
Separately, Amazon is also reportedly developing a health-oriented wearable that can detect one’s emotion and wellness through their voice. The wearable could be voice-activated and can be worn on the wrist. The gadget could eventually advise the wearer how they can effectively interact with others. It’s not known how far the new tech is under development, but sources hint that it is currently under beta testing. While it is not confirmed, the technology could also be mainly based on software, which means that it could be rolled out to Alexa devices via an update.