BILL.L Regulatory News (BILL)

29 Aug 2007 07:02

Billing Services Group Limited29 August 2007 NEWS RELEASE Contacts:Julian Walker - Investor relationsThe Hogarth Partnership+44 (0) 20 7357 9477jwalker@hogarthpr.co.uk Erin Brennan GilmoreBlanc & Otus Public Relations - US media relations+1 512 372 6653ebgilmore@blancandotus.com BSG Announces New Contract with Uruguayan Mobile Operator ANCEL Country-wide agreement further extends the Latin American presence for BSG RUSSELSHEIM, GERMANY - August 29, 2007 - BSG Clearing Solutions, (BSG), asubsidiary of Billing Services Group Limited (AIM:BILL), the telecom industry'sclearing and settlement provider, today announced a new data clearing contractwith Uruguayan mobile operator ANCEL. Because of the agreement, ANCEL willexperience more efficient file processing, enhanced visibility and control overits roaming business. Formed in 1994, ANCEL manages mobile telephone infrastructure and services forUruguay, totaling 1.2 million subscribers. BSG was selected after a thorough,competitive bidding process largely due to the high quality of service it canprovide. BSG will provide ANCEL with a customized data clearing package thatincludes quick file processing, data validation to identify errors or missinginformation, monthly online reporting and dedicated account management. Marcelo Erlich, Chief Executive Officer said, "After an evaluation of themarket, BSG was the best fit in terms of service, support, reputation and theirability to deliver what they promise. By improving control and revenueassurance, BSG's clearing solution will have a strong impact on our bottom line.Because of these efficiencies, we can focus more attention on developinginnovative new services for our customers." "We've adapted our data clearing services to the unique needs of ANCEL,"commented Atul Devani, Chief Executive Officer of BSG wireless. "Our reliableservice and commitment to our customers is what continues to drive our growth inthe Latin American region." About BSG Clearing Solutions BSG Clearing Solutions is a leading global provider of clearing and settlement, payment services, and financial risk management solutions for communicationsservice providers. The company processes over 20 billion transactions annually for 750 of the world's largest communications companies throughout NorthAmerica, Europe and Asia. With a ubiquitous, scalable platform and an extensiveportfolio of clearinghouse services for fixed-line, wireless, Wi-Fi, and broadband networks, BSG monetizes network transactions by facilitating the financial exchange of its customers' services. BSG meets the needs of today's complex network interconnections and anticipates the requirements of convergingtechnologies, allowing for rapid and reliable deployment. BSG Clearing Solutions is an operating subsidiary of Billing Services Group Limited, which is publicly traded on the London Stock Exchange (AIM) under the ticker symbol BILL. For more information, visit www.bsgclearing.com. About ANTEL Uruguay ANTEL (Administracion Nacional de Telecomunicaciones) is a state-owned company created on July 25, 1974. Its main purpose is to provide all telecommunicationsservices in the national territory. Since the beginning, ANTEL has been a leading company, implementing state-of-the-art technological solutions. ANCEL is the division within ANTEL that is responsible for managing the mobile telephony business across the country. It began operations on September 1st, 1994 and with its innovative technology, ANTEL's technical support and highly qualified team, ANCEL seeks to provide the service and support the subscriber deserves. ### This information is provided by RNS The company news service from the London Stock Exchange