Amazon Entering Wireless Would Be ‘Batshit Crazy,’ Analyst Says
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Amazon.com Inc. is famous for its appetite for entering new markets. But a report that it’s considering a foray into the wireless industry was a bridge too far for one Wall Street analyst.
The world’s largest online retailer is interested in purchasing prepaid wireless phone service Boost Mobile from Sprint Corp. and T-Mobile US Inc., Reuters said late Thursday, citing people familiar with the matter.