Reuters: Technology News: AT&T joins forces with Akamai, boosts Akamai shares

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AT&T joins forces with Akamai, boosts Akamai shares Dec 6th 2012, 15:33 Tweet Share this Email Print Related News AT&T to boost annual spending 16 percent to $22 billion Wed, Nov 7 2012 Related Topics Tech » Hot Stocks » Asian Markets » The AT&T logo is seen at their store in Times Square in New York April 21, 2010. Credit: Reuters/Shannon Stapleton NEW YORK | Thu Dec 6, 2012 10:03am EST NEW YORK (Reuters) - AT&T Inc and Akamai Technologies Inc said they have agreed to work together on content delivery network (CDN) services, which deliver content faster by avoiding Internet congestion, sending Akamai's shares up 8 percent in early trade. As part of the agreement AT&T will transfer its existing CDN operations, customers and services to Akamai's platform in 2013, the company said on Thursday. The pair said they will initially focus on North America and planned to expand globally within 12 months. They will connect Akamai CDN services to AT&T's network and share resources such as technical support and marketing. Akamai shares were up $2.88 or 8 percent at $38.38 in morning trade on Nasdaq. AT&T shares were slightly lower at $33.87 on the New York Stock Exchange. (Reporting By Sinead Carew; Editing by Maureen Bavdek and Theodore d'Afflisio) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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