Australia's Beam Communications jumps on agreement with Bapcor

Beam Communications Holdings

17/01/2022 03:40

** Shares of Beam Communications  BCC.AX  rise as much as
4.7% to A$0.45, highest since Nov. 26
    ** Satellite telecom company signs retail partnership
agreement with Bapcor's  BAP.AX  Autobarn  urn:newsml:reuters.com:*:nASX4lDtbZ
    ** Under agreement, Autobarn will sell Beam's ZOLEO Global
Satellite Communicator at its outlets across Australia
    ** Beam shares post biggest intraday pct gain since Jan. 5
    ** 333,000 shares change hands vs 30-day avg volume of
~150,000
    ** Stock up 1.2% YTD, as of last close

 (Reporting by Arundhati Dutta in Bengaluru)
 ((Arundhati.Dutta@thomsonreuters.com))