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PHRM Phorm Corp

1.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Phorm Corp LSE:PHRM London Ordinary Share SG9999009278 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Phorm Corporation Signs Memorandum of Understanding with China Telecom

10/03/2014 9:56am

Dow Jones News


Phorm Corp (LSE:PHRM)
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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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