Amazon said to be investigating its own wireless network

Word has it that Amazon may be jumping on the wireless Internet service bandwagon. According to Bloomberg, sources familiar with the matter say that the e-commerce giant is testing a new spectrum wireless network in Cupertino, Calif.

The rumored Amazon network would reportedly be controlled by satellite communications company Globalstar, according to Bloomberg. Globalstar is said to be looking to switch 80 percent of its spectrum to terrestrial use; this means the wireless network could hold more traffic and drive faster speeds than conventional Wi-Fi.

If Amazon ran its own wireless network, it would give the company a chance to cater to its customers that use Wi-Fi enabled gadgets, like the Kindle, and Internet services like Amazon Instant Video.

Other technology companies have also started to dabble in wireless networks -- most notably Google. Google debuted its high-speed fiber optic Internet service in Kansas City, Kan., last November and has since launched expansions to more than a dozen other cities, including Austin, Texas and Provo, Utah.

CNET contacted Amazon for comment. We'll update this story when we get more information.