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CHA China Telecom Corp Ltd

26.45
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
China Telecom Corp Ltd NYSE:CHA NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 26.45 0 01:00:00

Phorm Corporation Signs Memorandum of Understanding with China Telecom

10/03/2014 9:56am

Dow Jones News


China Telecom (NYSE:CHA)
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LONDON--Phorm Corporation Ltd. (PHRM.LN), an internet personalization technology company, said Monday it has signed a three-year memorandum of understanding, or MoU, with China Telecom Corporation Ltd. and certain of its associated group entities to become its preferred strategic partner in the field of 'Big Data' technology and advertising operations.

MAIN FACTS:

-Phorm is continuing to build its commercial operations and expects to launch with further ISPs in China later this year.

-China Telecom group has operations in 31 Chinese provinces and over 100 million broadband customers.

-Phorm shares at 0925 GMT up 1 pence, or 11%, at 13 pence valuing the company at 66 million pounds.

-Write to Ian Walker at ian.walker@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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