Motricity Stock Soars On India Deal

10/12/10

Bellevue, WA-based mobile Internet service provider Motricity (NASDAQ: MOTR) has inked a big deal with one of India’s largest mobile operators, Reliance Communications, according to Brier Dudley of The Seattle Times. The news has caused the company’s stock to soar about 34 percent, closing today at $17.42. The recent deal is all part of Motricity’s aggressive international expansion plans, detailed in our interview with founder and chief executive Ryan Wuerch last week.

Thea Chard is a correspondent for Xconomy Seattle. You can e-mail her at theachard@gmail.com or follow her on Twitter at http://twitter.com/theachard. Follow @

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