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Report: Amazon interested in acquiring Boost from T-Mobile, Sprint

Amazon.com Inc. is considering buying prepaid cellphone wireless service Boost Mobile LLC from U.S. carriers T-Mobile US Inc. and Sprint Corp., Reuters reported May 31, citing people familiar with the matter.

The development comes a few days after it was reported that a number of interested parties are working on bids to purchase the prepaid wireless band in a deal that could value Boost at up to $3 billion. T-Mobile and Sprint already decided to sell the business as part of measures to lower their market share in the prepaid wireless segment and gain regulatory approval for their planned merger.

According to the latest report, the e-commerce giant is considering the move because it would allow it to use T-Mobile's wireless network for at least six years. The company would likely also express interest in any wireless spectrum that could be divested, the news wire added, noting that it was not clear why Amazon would want the network and spectrum.

Amazon currently offers phone calls service through its Echo Connect product by using the user's home phone service.

Amazon did not immediately respond to S&P Global Market Intelligence's request for comment.