RIM inks licensing deal with Motorola
Research In Motion (TSX:RIM)said Wednesday it has signed a licensing deal that will let Motorola use its Blackberry wireless technology.
"Through this deal, Motorola will have the option to enable specific mobile phones to connect to BlackBerry services including support for both BlackBerry Enterprise Server and BlackBerry Web Client," RIM said in a release.
Waterloo, Ont.-based RIM said more details of the licensing agreement will be announced at a later time.
The deal with Motorola helps RIM avoid the direct competition that could have happened if the cellphone giant had developed its own wireless technology.
RIM shares gained $4.20 to hit $138.60 on the TSX.
On Tuesday, Motorola said growth from its new cellphones helped the company more than triple its first-quarter earnings to $609 million US.