Amazon.com Inc. is interested in acquiring prepaid wireless phone service Boost Mobile from T-Mobile US Inc. and Sprint Corp., Reuters reported, citing people familiar with the matter. Amazon is considering buying Boost for an attached wholesale deal that would allow the buyer to use T-Mobile’s wireless network for at least six years, according to the report on Thursday. Amazon and Sprint declined to comment, and T-Mobile didn’t immediately respond to a request for comment. Last week, Federal Communications Commission Chairman Ajit Pai said he’ll recommend that his agency approve the $26.5 billion merger of T-Mobile and Sprint on the condition that the companies sell Boost, build an advanced 5G network over three years, and pledge not to raise prices while the network is being constructed. Boost may be attractive to acquirers because it has a long-term wholesale agreement that would provide access to T-Mobile and Sprint cellular networks at a relatively low … [Read more...] about Amazon mulls buying boost from T-Mobile, Sprint, report says
Wholesale boost mobile phones
WASHINGTON/NEW YORK (Reuters) - Concessions by T-Mobile US Inc to win U.S. government approval to buy Sprint Corp will likely lead to higher prices for the poorest Americans, many of whom use prepaid wireless plans, analysts and activists said. A T-Mobile store is pictured in the Manhattan borough of New York, New York, U.S., May 20, 2019. REUTERS/Carlo Allegri The more expensive prepaid plans, used by people who lack the good credit to qualify for a cheaper postpaid plan means low-income users will have less access to the internet for job hunts and job applications, and for children to do homework, activists say. With postpaid, people pay with credit cards or monthly bank withdrawals. Cost matters. Pew Research Center found in 2015 that 48% of the people they polled had to cancel or shut off their cell phone service for at least a short time because they could not afford it. T-Mobile and Sprint said on Monday they would sell Sprint’s Boost Mobile business, which … [Read more...] about T-Mobile-Sprint deal would boost prices, hurt poorest U.S….
Mukesh Ambani, Asia’s richest man, is set to take on Amazon's Jeff Bezos in India as the billionaire magnate launches his own rival e-commerce venture in the world's second most populous country. Reliance Industries, the Mumbai-headquartered conglomerate owned by Mr Ambani, is drawing up plans to roll out its online shopping services to 1.2m retail businesses in western India as competition to grab a share of India’s fast-developing e-commerce industry intensifies. Mr Ambani, who controls a $43 billion fortune in petrochemicals, energy, telecoms and textiles, is planning a push into the e-commerce space by adopting new technologies such as augmented reality to create an “immersive shopping experience” and compete with the likes of Amazon and homegrown competitor Flipkart. The e-commerce plans from the businessman will involve the combination of his mobile network operator Jio, which has 280m subscribers, with his … [Read more...] about Asia’s richest man to take on Amazon boss Jeff Bezos in India’s booming e-commerce sector
The United States and China are in a race to develop fifth-generation (5G) cellular wireless technology, which could determine who controls mobile telecommunications in the future, and experts and lawmakers warn the U.S. could lose unless the Trump administration does something fast. 5G technology is expected to dramatically change how fast things move over the internet. About 100 times faster than 4G, it will allow movies to download in a second or two instead of minutes, homes will run on smart appliances, and vehicles could be driverless.The Chinese have moved fast to dominate the 5G market. Beijing has poured billions of dollars into developing 5g technology, and since 5G relies on miles of fiber optic networks that cost tens of billions of dollars to install and billions more to operate, China has been offering to build those networks for cheap, and countries all over the world have been signing up. Experts say China’s headstart could determine how 5G is developed … [Read more...] about America Races China for the Future: 5G Technology Battle Goes Global
Editorial By Daniel Eran Dilger Wednesday, November 28, 2018, 05:43 am PT (08:43 am ET) Unlike any other major consumer electronics company, Apple has long detailed quarterly unit sales along with revenue figures for its major product categories. This initially helped investors get a sense of how many buyers Apple was attracting with its Macs, and later began to reveal to investors how iPod and then iPhone were reaching entirely new audiences. Here's a look at why that's now changing in Apple's Fiscal 2019. The previous article in this series outlined why Apple's change in accounting isn't an attempt to hide bad news; the company will still be reporting revenue, and Apple just provided guidance for a record-setting holiday season this quarter. On its November 1 conference call, Apple's chief financial officer Luca Maestri stated "we have the strongest lineup ever as we enter the holiday season and we expect revenue to be between $89 billion and $93 billion, a new all-time record." … [Read more...] about Five reasons why Apple is ending unit sales reporting of Mac, iPhone, and iPad