Tags: Akamai | Shares | Deal | AT&T

Akamai Shares Jump on Deal to Sell Services With AT&T

Thursday, 06 Dec 2012 04:36 PM

 


Shares of Akamai Technologies Inc. rose the most in more than a month after the company forged a deal with AT&T Inc. to provide the carrier’s business customers with so-called content- delivery services.

The service will be jointly sold and managed by both companies and be offered as a feature integrated into AT&T’s network, said Fletcher Cook, a spokesman for AT&T, the largest U.S. phone company. The contract is a multiyear, exclusive agreement, said Cook, who declined to disclose the terms.

Shares of Cambridge, Massachusetts-based Akamai rose 10 percent to $39.06 on Nasdaq Thursday. The stock had climbed 10 percent this year through Wednesday. AT&T, based in Dallas, fell 0.8 percent to $33.65.


© Copyright 2015 Bloomberg News. All rights reserved.

1Like our page
2Share
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved