Posted AT 10:28 PM EDT on 23/10/07
RIM reaches key deal to sell in China
Eight years after it first set its sights on introducing the BlackBerry to China,
Research In Motion Ltd. has signed a distribution deal with a French telecom giant in the world's largest cellphone market.
The announcement that the Waterloo, Ont.-based firm will team up with
Alcatel-Lucent to distribute Blackberry 8700 devices in China drove RIM's stock up 8 per cent to $120.42. The stock has more than doubled in value this year.
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