BILL.L Regulatory News (BILL)

6 Aug 2007 07:01

Billing Services Group Limited06 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+1 512 372 6653ebgilmore@blancandotus.com Indira DoyenCommunications ExecutiveCable & Wireless Panama+507 66759720Indira.Doyen@cwpanama.com Cable & Wireless Panama Selects BSG for Data and Financial Clearing Services Agreement with Panama's largest telecom carrier further expands company's Latin American footprint Tampa, Florida - August 6, 2007 - BSG Clearing Solutions, a subsidiary ofBilling Services Group Limited (AIM: BILL), the telecom industry's clearing andsettlement provider, today announced an agreement with Cable & Wireless Panamato provide data and financial clearing services. BSG's continued traction of itswireless clearing and settlement operations in the Latin American and Caribbean,Asia Pacific and African regions is a result of its expanded commercial team. Under the agreement, BSG will provide data clearing, financial clearing androaming information services for Cable & Wireless Panama's 275 roaming partnersaround the globe. BSG offers operators in the Latin American and Caribbean region financial anddata clearing including IOT check, TAP file conversion, fraud high usage reportsand roaming information services. Benefits include a dedicated, debt collectionteam, as well as sophisticated, real-time financial reporting and analysis andaccess to historical data. "BSG has proven their value with three other operators in the Cable & WirelessGroup. We can now experience the same quality of service and look forward tofaster financial reconciliation, more visibility and excellent customer serviceat reduced costs," commented Ivan Ramos, Roaming Manager for Cable & WirelessPanama. "Our services offer operators such as Cable & Wireless Panama a highly flexible,full-featured financial and data clearing alternative that can be deployedrapidly and efficiently," said Atul Devani, Chief Executive Officer of BSGwireless. "We see a tremendous opportunity in the region and look forward toexpanding our footprint." About Cable & WirelessCable & Wireless operates in 34 countries across the globe, including theCaribbean, Panama, Asia, the Middle East and the Pacific. In the majority ofmarkets it is the leading telecoms provider, offering a complete serviceincluding local and international telephony, mobile and Internet to residentialand business customers. Cable & Wireless now faces competition in 90% of itsmarkets and continues to compete with new rivals by investing in world-classinnovation, technology and people. It is proud to be contributing to the localeconomies and communities in which it operates and continues to build its brandand deliver excellence to its customers around the world. About BSG Clearing SolutionsBSG 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 annuallyfor 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, andbroadband networks, BSG monetizes network transactions by facilitating thefinancial exchange of its customers' services. BSG meets the needs of today'scomplex network interconnections and anticipates the requirements of convergingtechnologies, allowing for rapid and reliable deployment. BSG Clearing Solutionsis an operating subsidiary of Billing Services Group Limited, which is publiclytraded on the London 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. ### This information is provided by RNS The company news service from the London Stock Exchange