Trump enters telecom market with a new venture

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The Trump Organization launched a self-branded mobile service and a $499 smartphone on Monday, dubbed Trump Mobile, signaling a new effort to court conservative consumers with a wireless service positioned as an alternative to major telecom providers.

The new mobile venture will include call centers based in the United States and phones made in America, the organization said.

The Trump family, long known for its real estate empire, luxury hotels, and golf resorts, has in recent years ventured into newer arenas including digital media and cryptocurrency.

The Trump Organization, which is the main holding entity for most of the U.S. president’s business ventures, said ahead of Trump’s inauguration that control of the company would be handed to his children, replicating the arrangement from his first term, though concerns about potential conflicts of interest remain.

Content Courtesy – Reuters

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