And even Amazon (NASDAQ: AMZN) is looking to secure rights to superfast wireless spectrum.
Reuters news reports that “Amazon is spreading its tentacles to 5G.”
Click here for details on Amazon’s secret 5G partner (before it launches 5G in 2020).
Earlier this year, Amazon was bidding to purchase Boost Mobile.
Boost is a wireless company owned by Sprint (NYSE: S). And Sprint needs to sell the subsidiary in order to gain FCC approval of its merger with T-Mobile US (NASDAQ: TMUS).
Meanwhile, Amazon may simply buy 5G spectrum directly from the U.S. government.
On Dec. 10, the FCC is expected to sell 5G rights for over $3 billion!
Amazon could easily apply to add its name to the list of 39 approved bidders in the upcoming auction. And with over $41 billion in cash, the company could be a major contender.
Why would Amazon want 5G spectrum? Here are two reasons . . .
That may sound far-fetched. But you must remember that in the last couple years Amazon has gotten into the grocery business by acquiring Whole Foods. Amazon is buying airplanes and creating its own package delivery service to compete with FedEx and UPS. And the company plans to launch 3,000 satellites to bring wireless to rural areas around the world.
A wireless network may sound like an unusual expansion plan for Amazon. But after the past couple of years, it wouldn’t be that surprising.
Amazon Web Services – simply known as “AWS” – is the only profitable area of the company. It’s an $8 billion business that’s growing at over 37% a year.
Owning 5G spectrum could be critical for the expansion of AWS. Plus, it could give the company an edge over other cloud computing companies.
Amazon is one of the most forward-thinking companies in the world.
Jeff Bezos’ talents have made him the richest man in the world and handed Amazon shareholders life-changing profits.
For example, a small $500 investment in Amazon’s IPO would now be worth $587,570!
New 5G technology will open up new growth opportunities for Amazon. And even if you missed out on Amazon’s amazing run . . .
You CAN cash in on the 5G revolution. But here’s the deal . . .
You must build your positions in this booming market BEFORE Dec. 10. That’s why I’m hosting the 5G Profit Summit this week.
Yours in Profits,
P.S. Do you own 5G stocks? If not, you’re missing out on the No. 1 growth trend for 2020.
Click here for details on the tiny $5 stock (before it sells millions of this 5G device).