Syniverse Technologies has signed a definitive agreement to acquire the wireless clearing and financial settlement business of Billing Services Group, a leading global provider of clearing, settlement, payment and financial risk management solutions for communications service providers, for approximately US$290 million in cash (which includes debt to be refinanced at closing). The proposed acquisition will combine Syniverse's
technology interoperability and network services capabilities with BSG's strong GSM data clearing expertise; excellent European, Middle Eastern and Asian operator relationships; and leading financial clearing and settlement capabilities. BSG serves approximately 180 mobile operators globally.
www.syniverse.com