AT&T Inc. to Be Exclusive Carrier of Amazon’s First Smartphone (T, AMZN)

On Tuesday morning, reports were released that AT&T Inc. (T) will be the exclusive carrier of Amazon’s new smartphone.

Amazon will reveal its new smart on Wednesday, June 18. According to reports, AT&T will the exclusive carrier for Amazon’s first smartphone. The deal is expected to attract more customers to AT&T’s service.

Apple (AAPL) and Samsung currently hold the majority share of the smartphone market, but Amazon plans to distinguish its new product. In 2007, AT&T exclusively sold the Apple iPhone giving it an advantage over Verizon (VZ).

AT&T shares were mostly flat during pre-market trading Tuesday. The stock is down 0.51% YTD.