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Anite PLC (AIE.LN), a global wireless device testing technology firm, said Thursday it and China Mobile Research Institute, the R&D division of China Mobile Ltd. (CHL) have signed a memorandum of understanding to collaborate on research in order to facilitate the global roll-out of TD-LTE technology.
-No financial details disclosed.
-Anite shares at 1345 GMT up 5 pence, or 4.6%, at 102 pence valuing the company at GBP290.82 million.
-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; email@example.com