March 12, 2019 / 7:13 PM / 9 months ago

BUZZ-BlackBerry: Rises on new U.S. government services unit

** BlackBerry’s U.S.-listed shares up ~3 pct after co sets up government services unit in U.S. to deepen ties with federal agencies

** BlackBerry Government Solutions will be headquartered in Washington, D.C. and will have separate corporate governance structure to comply with U.S. national security requirements

** “New subsidiary allows us to deepen our reach within the U.S. government sector by ensuring our next-generation cybersecurity solutions and Spark platform meet FedRAMP and ATO certifications” - BlackBerry CEO John Chen

** BB’s U.S.-listed shares have gained ~30 pct YTD as of Monday’s close

Reporting by Shariq Khan in Bengaluru

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