BILL.L Regulatory News (BILL)

30 Oct 2006 14:00

BSG Clearing Solutions (BSG), a subsidiary of Billing ServicesGroup Limited (AIM:BILL), the telecom industry's clearing andsettlement provider, today announced a framework agreement with Cableand Wireless International to provide data clearing services. £ BSG will provide data clearing services to more than twenty Cable& Wireless subsidiaries and associates across the globe, covering morethan 1000 roaming partners in total. Using an incumbent supplier fordata clearing, Cable and Wireless decided it was the right time toconduct a market analysis with a view to switching its clearing houseprovider. £ It was important for Cable and Wireless to find a flexiblesupplier who could tailor its approach to its particular requirements.The outstanding reputation BSG has for providing high quality servicewas a key element in this decision making process. £ "BSG was able to provide a significantly competitive offering. Weare confident we have chosen the best supplier in the market place forclearing requirements and we look forward to developing therelationship with them to further enhance our business opportunities,"said Frank Mount, CTO, Cable and Wireless International. £ Atul Devani, CEO of BSG Wireless said, "This new contract is aresult of our unbeatable service quality. We look forward to expandingthe relationship further to help build and develop new opportunitiesand technologies for Cable & Wireless International." £ About Cable and Wireless £ Cable & Wireless is one of the worlds leading internationalcommunications companies. It operates through two standalone businessunits International and UK. £ The International business unit operates integratedtelecommunications companies in 34 countries offering mobile,broadband, domestic and international fixed line services toresidential and business customers, with principal operations in theCaribbean, Panama, Macau, Monaco and the Channel Islands. £ The UK business unit provides enterprise and carrier solutions tothe largest users of telecoms services across the UK, US, continentalEurope and Asia, and wholesale broadband services in the UK. £ For more information about Cable & Wireless, please visitwww.cw.com £ About BSG Clearing Solutions £ BSG Clearing Solutions is a leading global provider of clearingand settlement, payment services, and financial risk managementsolutions for communications service providers. The company processesover 20 billion transactions annually for 750 of the world's largestcommunications companies throughout North America, Europe and Asia.With a ubiquitous, scalable platform and an extensive portfolio ofclearinghouse services for fixed-line, wireless, Wi-Fi, and broadbandnetworks, BSG monetizes network transactions by facilitating thefinancial exchange of its customers' services. BSG meets the needs oftoday's complex network interconnections and anticipates therequirements of converging technologies, allowing for rapid andreliable deployment. BSG Clearing Solutions is an operating subsidiaryof Billing Services Group Limited, which is publicly traded on theLondon Stock Exchange (AIM) under the ticker symbol BILL. For moreinformation, visit www.bsgclearing.com. All company or product names are trademarks and/or registered trademarks. Copyright Business Wire 2006