DJ Synchronoss Technologies Up 22%; To Work With New JV >SNCR
By Michael Dabaie
Synchronoss Technologies Inc. (SNCR) shares were up 22% to $4.90 in heavy volume.
The cloud, messaging, digital and IoT products company said it is working with a new joint venture formed by AT&T (T), Sprint (S), T-Mobile (TMUS) and Verizon (VZ) to help deliver advanced mobile messaging across all four mobile networks.
"The launch of this initiative signals the beginning of the era of advanced messaging in the U.S. that will begin to unite communication, services and entertainment in entirely new ways," Synchronoss Chief Executive Glenn Lurie said.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
November 12, 2019 13:03 ET (18:03 GMT)
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