VoIP provider links with BellSouth
View at FT.com
Shares of 8x8 jumped by more than 45 per cent on Thursday after the California-based VoIP (Voice over Internet Protocol) service provider announced a ‘private label’ agreement with BellSouth, the third largest US telecommunications group.
Shares in 8x8 closed up 80 cents at $2.54 a share on the Nasdaq in New York having earlier traded as high $3.39 before settling back.
Under the deal announced late last week, 8x8 will provide BellSouth with the technology, integration and operational services necessary for the Atlanta-based telecommunications giant to offer its customers a VoIP service dubbed BellSouth Digital.
Shares of 8x8 jumped by more than 45 per cent on Thursday after the California-based VoIP (Voice over Internet Protocol) service provider announced a ‘private label’ agreement with BellSouth, the third largest US telecommunications group.
Shares in 8x8 closed up 80 cents at $2.54 a share on the Nasdaq in New York having earlier traded as high $3.39 before settling back.
Under the deal announced late last week, 8x8 will provide BellSouth with the technology, integration and operational services necessary for the Atlanta-based telecommunications giant to offer its customers a VoIP service dubbed BellSouth Digital.
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