Phorm Corporation Signs Memorandum of Understanding with China Telecom
March 10 2014 - 4:56AM
Dow Jones News
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
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