Motricity’s Stock Jumps 30 Percent After Adding International Customer

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Credit: Motricity

In advance of its public offering, Motricity’s pitch to investors included the prospect of growing internationally by adding large wireless carriers just as the subscribers start getting a taste of using data on the phone. Today, Motricity came through on that promise by inking an agreement with one of the largest mobile operators in India, according to document filed with the SEC.

The operator is Reliance Communications, which operates in India with more than 100 million subscribers. It will deploy Motricity’s mCore Platform, which is being used today by carriers like AT&T (NYSE: T). The platform often times manages on-deck and off-deck content, as well as, storefronts. The company provided little details on the deal, other than that it will be used to “manage Reliance

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Jon

Good luck getting it implemented, running, and then ultimately getting any money from the carrier. Their in for a whole world of hurt, India’s a long way from home for these boys.

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