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RIM shares rise on network sharing announcement

Research In Motion (RIM) Co-Chief Executive Officer Jim Balsillie arrives at the annual general meeting of shareholders in Waterloo July 12, 2011.

MIKE CASSESE/MIKE CASSESE/REUTERS

Shares of Research In Motion rise 6 per cent after the BlackBerry maker announces plans to offer software to companies that will allow them to use iPhones and other mobile devices on its secure network starting in the first quarter of next year.

RIM said the service, named BlackBerry Mobile Fusion, will be available in March after a test run with some of its business customers.

Shares in RIM were up $1.01 to $18.02 in early morning trading on the Toronto Stock Exchange.

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The move is intended to help RIM encourage its corporate customers to stick with its services, even as some move away from BlackBerry devices.

The Waterloo, Ont., tech company has been losing consumer marketshare to Apple and Android devices and although it's still dominant in workplaces, its competitors are making inroads.



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