Zoom2u (ASX:Z2U) share price soars 19% amid Telstra contract news

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The Zoom2u Technologies Ltd (ASX: Z2U) share price stormed more than 19% higher late in the day after announcing a new contract.
Shares in Zoom2u were up more than 19.4% earlier after hitting an intra-day high of 80 cents.

The Zoom2u Technologies Ltd (ASX: Z2U) share price has had a miraculous day.

Shares in the parcel delivery platform stormed more than 19% higher in late afternoon trade today after announcing a new contract.

Let's take a look at why investors are flocking to get their hands on shares in Zoom2u.

Telstra deal fuels Zoom2u share price

Shares in Zoom2u rallied late in today's session after announcing a contract agreement with Telstra Corporation Ltd (ASX: TLS).

As covered by my Foolish colleague earlier, the telco giant is now offering two-hour deliveries in certain areas of Australia.

Telstra has nominated Zoom2u's platform as the courier partner to deliver products from stores directly to its…
Nikhil Gangaram
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