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According to reports, Amazon Inc. is looking to buy prepaid cellphone wireless service Boost Mobile, owned by US carriers T-Mobile and Sprint. Acquiring Boost Mobile would allow Amazon to use T-Mobile's wireless network for at least six years. If these reports are to be believed then Amazon would be adding another feather to its ever growing cap as the company has a history of diversifying, going from selling books, to online retailing, and even setting up music and video streaming services.

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Amazon looking to venture into telecom?

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