AT&T Inc. (NYSE:T) shares are trading lower by 5.42% to $15.08 Thursday afternoon. Shares of several cell phone carriers are trading lower following reports suggesting DISH Network Corp (NASDAQ:DISH) could be selling wireless plans through Amazon.com, Inc. (NASDAQ:AMZN).
Additionally, AT&T shares are trading lower by some 13.74% over the trailing month on continued weakness after the company reported first-quarter earnings in April. Cash flow came in below estimates.
What's Going On With DISH Network?
The potential deal allows Dish to market its service to millions of prospective customers and help Amazon expand its relatively small footprint in the consumer smartphone market.
Amazon has previously discussed potential wireless business deals with Dish.
Wireless plans sold through Amazon's e-commerce portal could eventually challenge rival cellphone carriers...Read More
According to data from Benzinga Pro, T has a 52-week high of $21.53 and a 52-week low of $14.46.