24th Apr 2015 07:19
LONDON (Alliance News) - Shares in digital audio content services company Immedia Group PLC on Friday pushed higher after it said it has secured a deal with BT Group PLC.
Under the deal, Immedia has signed a 12-month deal with BT to provide a digital radio channel to employees of its Openreach local network business using Immedia's mobile audio streaming platform.
No financial details were disclosed on the deal.
"We are very pleased to be working with the team at Openreach, who truly understand the importance of engaging employees and the value this creates. With its boundless reach, I believe the platform we have created has enormous potential to deliver simple solutions to many global businesses," said Immedia Chief Executive Bruno Brookes.
Immedia shares were up 61% to 25.695 pence on Friday, the best performer in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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