Advertisement
New Zealand markets closed

  • NZX 50

    12,619.94
    +47.28 (+0.38%)
     

  • NZD/USD

    0.6162
    -0.0052 (-0.84%)
     

  • NZD/EUR

    0.5611
    -0.0017 (-0.30%)
     

  • ALL ORDS

    8,416.60
    -57.70 (-0.68%)
     

  • ASX 200

    8,150.00
    -55.20 (-0.67%)
     

  • OIL

    74.56
    +0.85 (+1.15%)
     

  • GOLD

    2,671.30
    -7.90 (-0.29%)
     

  • NASDAQ

    20,035.02
    +241.67 (+1.22%)
     

  • FTSE

    8,280.63
    -1.89 (-0.02%)
     

  • Dow Jones

    42,352.75
    +341.16 (+0.81%)
     

  • DAX

    19,120.93
    +105.52 (+0.55%)
     

  • Hang Seng

    22,736.87
    +623.36 (+2.82%)
     

  • NIKKEI 225

    38,635.62
    +83.56 (+0.22%)
     

  • NZD/JPY

    91.5990
    +0.3980 (+0.44%)
     

Why AT&T, Verizon, and T-Mobile Stocks Were Sinking Today

Jeremy Bowman, The Motley Fool
·3-min read
Why AT&T, Verizon, and T-Mobile Stocks Were Sinking Today

Telecom stocks including AT&T (NYSE: T), Verizon (NYSE: VZ), and T-Mobile (NASDAQ: TMUS) were all pulling back Friday on some surprising news. According to Bloomberg, Amazon (NASDAQ: AMZN) is considering entering the wireless market, as it's held discussions about offering nationwide mobile phone service to Prime members, either for free or at a discount. Bloomberg said that Amazon is negotiating with Verizon, T-Mobile, and Dish Network (NASDAQ: DISH) to get a low wholesale price for service that it could then turn around and offer to Prime members for $10 a month or even free as an incentive to join and stick with the membership program.

Continue reading