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Pinnacle Technology Group boosted by O2 partnership

Last updated: 08:21 24 Mar 2015 GMT, First published: 09:21 24 Mar 2015 GMT

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Shares in micro-cap Pinnacle Technology Group (LON:PINN) jumped 20% in early deals after revealed a new partnership with O2.

The AIM quoted telecoms firm, which is valued at just over £3mln, already had a relationship with O2 but this is now expanded to allow Pinnacle clients to access additional services.

Pinnacle now joins what it calls an ‘exclusive category’ of O2’s direct partner network, and as a result it will receive commercially advantageous terms.

"Our exciting partnership with O2 is another demonstration of our on-going commitment to offering clients technology, digital products and services that will significantly enhance their business,” said Nicholas Scallan, Pinnacle’s chief executive.

On AIM, Pinnacle shares advanced 1.25p per share, 20.8%, to trade at 7.25p each.

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