17th Aug 2015 08:36
LONDON (Alliance News) - Cellcast PLC on Monday dismissed press speculation that Google Inc was in talks to use its internet telephony technology.
"Cellcast notes the recent rise in the company's share price and the recent press speculation suggesting that Google Inc are in advanced talks with the company to use their internet telephony technology," the company said in a statement.
"The board confirms there is no truth in the article and knows of no reason for the price rise," Cellcast added.
Cellcast shares were up 14% at 1.25 pence Monday morning. Earlier they almost doubled to a new 52-week high of 2.00p.
By Samuel Agini; [email protected]; @samuelagini
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