Verizon Communications , AT&T , and T-Mobile U.S. stocks were fell Friday, following a report from Bloomberg that Amazon.com is in talks with those companies, as well as Dish Network , to possibly offer low-cost or even free nationwide mobile phone service to Prime subscribers. Amazon (NASDQ: AMZN) is negotiating with Verizon (NYSE:VZ), T-Mobile (NASDAQ:TMUS), and Dish Network (DISH) to get low wholesale prices, Bloomberg reported, citing people familiar with the matter. The talks have also included AT&T (T) at times.
Amazon, T-Mobile, and Verizon denied the report. “We are always exploring adding even more benefits for Prime members, but don’t have plans to add wireless at this time,” said Bradley Mattinger, an Amazon spokesperson.
In more news from the telecom sector Siyata Mobile Inc. (Nasdaq:SYTA) a global vendor of Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, today announced that it has received new orders for its SD7 Handsets and VK7 Vehicle Kits totaling more than $400,000 in aggregate. The orders are expected to be delivered in the second quarter.
Marc Seelenfreund, Founder and CEO of Siyata, stated, “These orders are further increasing our sales in the second quarter of 2023 and set the stage for sequential quarterly revenue growth for this quarter. They are another proof point of accelerating sales momentum with our Push-to-Talk (“PTT”) enabled cellular solutions, and they demonstrate further market penetration in the healthcare, education, and construction verticals. Demand for our solutions goes beyond our more traditional vertical of first responders. With these orders, our SD7 Handsets and VK7 Vehicle Kits will be deployed to support a western U.S. healthcare facility, in schools and in school buses from multiple school districts, and in construction companies for job-site communications. Increasingly, government and commercial organizations are replacing land mobile radio (“LMR”) devices with PTT enabled cellular solutions, and we are positioning Siyata to be the PTT device provider of choice.”
On the trading side, SYTA stock is currently trading at mere 10 cents. The 52 week high for SYTA is $1.6200 suggesting a tremendous upside potential. (Source:https://finance.yahoo.com/quote/SYTA/). Start your DD now and always follow traders vigilance.
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