Juno Online Services Inc. (Nasdaq: JWEB) rose 1 3/4 to 9 3/4 Monday after the Internet service provider (ISP) announced a deal with Time Warner Cable, a unit of Time Warner Inc. (NYSE: TWX).
Juno will offer high-speed Internet access over the cable company’s broadband network. It will begin by offering its existing dial-up customers in Time Warner’s cable service area the option of upgrading to the high-speed service.
The agreement is part of a plan by Time Warner to offer its cable customers a choice of high-speed Internet providers.
“We look forward to reaching agreement with other ISPs as quickly as possible,” said Time Warner Cable President Glenn Britt.
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