TAMPA, FL—Syniverse Technologies (NYSE:SVR), which sells services to wireless telecommunications companies, has agreed to acquire the wireless clearing and financial settlement business of Billing Services Group, for about $290 million in cash.

The proposed acquisition will combine Syniverse’s technology interoperability and network services capabilities with BSG’s strong Global System for Mobile Communications (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.

GSM is the standard system used in Europe and Asia.

The acquisition is subject to customary closing conditions and regulatory approval.

For more information see: www.syniverse.com

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