Digital Island Rises on Deal With China Telecommunications Firm

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Shares of

Digital Island

(ISLD)

shot higher today on news of a deal the company signed with

Jitong Communications

, a networking and telecommunications service provider in China.

Shares of Digital Island were recently up $1.19, or 17%, to $7.75 in afternoon

Nasdaq

trading.

Jitong will offer its customers Digital Island's integrated services, including content delivery and network and hosting services.