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Blackberry to join hands with China Telecom

Posted on: Mon, 02 Nov 2009 02:57:00 EST

Symbols: RIMM

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BEIJING, Nov 02, 2009 (Xinhua via COMTEX) --
RIMM | Quote | Chart | News | PowerRating -- Handset manufacturer Research in
Motion (RIM)'s negotiations with Chinese telecom carrier China
Telecom (0728.HK; CHA.NYSE) has entered the final stage, and the two
sides will disclose cooperation forms before the end of this year,
which will be followed by launching of communications and mail
services, revealed an insider with RIM.

Gregory Shea, president of RIM Greater China, said that RIM's
purpose in the Chinese market is not to simply sell products, but
also to establish partnerships with local telecom operators.

To satisfy customers' mobile entertainment demands, RIM
purchased Torch Mobile, the manufacturer of Iris Browser, in order to
update its browser functions. Besides, the handset manufacturer plans
to introduce more Blackberry mobile phone models to China, with
trendy new functions such as touch screens and handwriting
recognition, and install new services including fashion and
entertainment, social networking software, and instant messaging.

Industrial insiders held that the two companies' cooperation
is a win-win solution. That is, China Telecom needs globally
recognized products like Blackberry to help promote its new 3G
communications services, and RIM gains another channel to develop
corporate clients and individual customers.

For full details on Research In Motion Ltd (RIMM) RIMM. Research In Motion Ltd (RIMM) has Short Term PowerRatings at TradingMarkets. Details on Research In Motion Ltd (RIMM) Short Term PowerRatings is available at This Link.

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