MARKET TALK: Redknee Gains Scale With Nimbus Buy -GMP

30th Jul 2010 19:05

2:05 (Dow Jones) Redknee's (RKN.T) pact to acquire Spanish billing telecom software supplier Nimbus Systems should help it gain further inroads in selling its software, especially to European telecom operators such as Vodafone (VOD) and Telefonica (TEM), both of which are Nimbus customers, GMP says. In Toronto, RKN.T was recently up 2.3% at C$1.75. ([email protected]) Call us at (212) 416-2180 or email [email protected] Visit the Market Talk blog at www.djnmarkettalk.com (END) Dow Jones Newswires July 30, 2010 14:05 ET (18:05 GMT)