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Here's how Amazon could save the T-Mobile-Sprint merger The pending $26 billion T-Mobile-Sprint merger has been through a regulatory roller-coaster, but Amazon may save the day.
After the FCC chairman endorsed the merger, the Department of Justice recommended that the carriers make concessions for the merger to gain approval: They should sell off their prepaid businesses and lay the groundwork for a fourth wireless carrier to emerge.
Here's where Amazon comes in: It's considering buying Boost Mobile from Sprint. While it's not confirmed why Amazon is interested in operating its own MVNO, the purchase would give it access to New T-Mobile's wireless network to bolster its service for at least six years.
Amazon's also weighing buying divested spectrum from T-Mobile and Sprint. This would pave the way for Amazon to become the industry's fourth major carrier.
Business Insider Intelligence's Rayna Hollander has the full story.
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| | | Google's been trying to sell its cloud business based on a few different points of emphasis, including reliability and uptime, which could very well be undercut by this high-profile outage. Read More → |
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| | | Bank of America is about to begin a limited push to reissue select Visa cards with contactless technology. The firm will send out 4 million contactless-enabled cards to customers in Boston, New York, and San Francisco. Read More → |
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| | | Tesla, the US-based electric vehicle (EV) maker, will begin delivering Model 3 sedans from its newly built Gigafactory in Shanghai, China, to domestic consumers in the next six to ten months. Read More → |
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| | | PMorgan CEO Jamie Dimon stated during a speaking appearance that the JV plans to one day scale to the public at large — a more pervasive goal than when the trio came together in January 2018, touting a focus on shaving down healthcare costs for their 1.2 million employees. Read More → |
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| | | Visa CEO Al Kelly shared his skepticism about the outlook of real-time payment (RTP) platforms at an investor conference last week, noting that he doesn't see a robust consumer need for payments faster than current card network or settlement platforms. Read More → |
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| | | Mercedes-Benz, owned by German automotive firm Daimler, is bringing its subscription service to Atlanta after reporting early success. Read More → |
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| | | The FCC revealed the winners of the $2.7 billion mmWave ( 24GHz to 28GHz) spectrum auctions — and T-Mobile emerged as a big spender. Read More → |
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| | | In an attempt to undercut competitors and capture market share, Uber Freight — the digital freight marketplace operated by US ride-hailing giant Uber — is giving nearly all its revenue to carriers,according to a Morgan Stanley report. Read More → |
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| | | JPMorgan Chase, the US' largest bank by assets, has seen deposit growth slow as its customers withdraw their money and instead park it with competing banks that offer higher interest rates. Read More → |
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| | | Thirteen of the world's largest banks, including UBS, Barclays, and Santander, are preparing to launch crypto versions of major global currencies in 2020. Read More → |
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| | | The insurance sector has fallen behind the curve of financial services innovation — and that's left hundreds of billions in potential cost savings on the table. Business Insider Intelligence will examine AI solutions across key areas of the front office — customer service, personalization, and claims management — to illustrate how the technology can significantly enhance the customer experience and cut costs along the value chain. We will look at companies that have accomplished these goals to illustrate what insurers should focus on when implementing AI, and offer recommendations on how to ensure successful AI adoption. Learn More → |
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| | | Amazon is increasingly ramping up on ad offerings across its ecosystem, in a mounting bid to lure ad dollars away from platforms like Google and Facebook. This report examines how and why Amazon's ad business is growing as it diversifies its various ad products across its ecosystem; how Amazon could pose a threat to ad dollars that currently flow to the duopoly, TV, and connected-TV giant Roku; and why Amazon is likely to remain dominant versus retailers expanding their own ad offerings. It also comprehensively lays out Amazon's growing array of ad opportunities across its formats, including display, video, and audio. Learn More → |
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| | | Over the past 15 years, spending in China has become increasingly powered by mobile payments. In Q4 2018, China's third-party mobile payments industry was estimated to be worth 47.2 trillion yuan ($6.8 trillion) per AnalysysThe mobile payments market is controlled by Ant Financial's Alipay, which held a leading 53.8% market share in Q4 2018, and Tencent's WeChat Pay, which, along with fellow Tencent-owned payment service QQ Wallet, commanded a 38.9% share. Payments companies worldwide must take notice of Ant Financial and Tencent's success, strategies, and potential expansion, as they won't succeed in the extremely valuable Chinese market without understanding how the two companies are expanding their reach. Learn More → |
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The growth of the commercial drone market is accelerating. | | |
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Retailers know they need to improve mobile personalization, but it won't be easy. | | |
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Apple's kickstarting the Watch app ecosystem. | | |
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