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Amazon might want to buy Sprint's Boost Mobile

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There's a report that Amazon might want to buy Sprint's Boost Mobile business. But one veteran telecom analyst, Craig Moffett of the research firm MoffettNathanson, bluntly dubbed the speculation as "batsh*t crazy."

Sprint has promised regulators it will get rid of its prepaid wireless Boost Mobile subsidiary if its merger with rival T-Mobile is approved. Reuters reported Thursday evening that Amazon (AMZN)was interested in acquiring Boost as well as any wireless spectrum that Sprint and T-Mobile might be looking to sell off.
Amazon, Sprint (S) and T-Mobile (TMUS) were not immediately available for comment.
But Moffett said in a report that "the idea that Amazon would actually want to enter the wireless market is bad enough. Over its now forty-year history, the wireless industry has never generated a return on invested capital meaningfully in excess of its cost of capital.":giggle:

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