signed a contract with
S&P 500 and Nasdaq Set Intraday Record Highs on Recovery Optimism
Stocks rise as jobless claims fall and durable goods orders climb at the fastest pace since the beginning of the year.
, valued at about $230 million, to provide the German telecommunications company with broadband capacity for high-speed Internet access and maintenance.
Deutsche Telekom will also be able to buy dark fiber infrastructure and equipment maintenance services from 360networks for the next 20 years.
Shares of Deutsche Telekom rose 31 cents, or 1%, to $31.75 in recent
New York Stock Exchange
trading, and 360networks lost 13 cents, or 1%, to $12.81 on the