IT services group Logica has maintained its place in the FTSE100, the premier league of shares, after revealing that it has won contracts to supply multimedia messaging services (MMS) to two European network operators.
MMS, next generation text messages (SMS) with pictures and sound, is touted as the closest thing to a killer app that GPRS and 3G phones currently have.
Shares in Logica have fallen by over a third in the last six months but rallied to 450p on the news, saving the firm's FTSE100 place - vital to attract tracker-fund investors.
Previous news that rivals had obtained similar contracts had worsened Logica's performance until details of its contract victories were unveiled.
As well as winning two contracts in Europe, Logica said it is involved in five more trials with existing customers in both North and South America.
Logica has not yet revealed who the European deals are with, or what they are worth, but one client is believed to be BT spin-off mmo2.
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