BILL.L Regulatory News (BILL)

19 Apr 2006 17:03

Billing Services Group Limited19 April 2006 For Immediate Release 19 April 2006 Billing Services Group Limited Cincinnati Bell Renews Agreement with BSG Clearing Solutions for GSM Wireless Financial Clearing and Settlement Services Cincinnati Bell Expands Contract to Include TDMA Roaming Financial Clearing and Settlement Services Russelheim, Germany - April 19, 2006 - BSG Clearing Solutions GmbH, a globalprovider of clearing and settlement, payment services, and financial riskmanagement solutions for communications service providers, today announced thatCincinnati Bell, a local exchange and wireless telecommunications providerserving U.S. states Ohio, Kentucky and Indiana, has renewed its agreement forGSM international roaming financial clearing and settlement services. Inaddition, Cincinnati Bell is expanding its contract to include TDMA roamingfinancial clearing and settlement services. Cincinnati Bell launched their GSMwireless service in 2003 and is the fourth largest US carrier to select BSG forTDMA services in the past year. "Cincinnati Bell is a highly-respected wireless provider," said Atul Devani,Chief Executive of Wireless Services for BSG Clearing Solutions. "Their soundbusiness practices and innovation have kept them strong for over 130 years. Thenew agreement is testament to the service we've provided over the past threeyears and we welcome them into our growing TDMA/CDMA customer base." Under the agreement, Cincinnati Bell's contract for GSM clearing services willrenew in October 2006 for another three years. BSG will begin supplyingCincinnati Bell with TDMA roaming clearing services immediately. BSG will fullyautomate Cincinnatti Bell's clearing and settlement processes, giving them theability to exchange and clear roaming records among their hundreds of roamingpartners in over 160 countries through a single source. BSG will provide adedicated debt collection team for improved revenue assurance, as well ascustomized financial reporting in real time for all of Cincinnatti Bell'sroaming agreements and customers. For further information please contact: Buchanan Communications Tel: +44 (0)20 7466 5000Bobby Morse / Jeremy Garcia / James Strong About Cincinnati Bell Inc. Cincinnati Bell Inc. (NYSE: CBB) is parent to one of the nation's most respectedand best performing local exchange and wireless providers with a legacy ofunparalleled customer service excellence. The company was recently ranked numberone in customer satisfaction for the third year in a row by J.D. Power andAssociates for residential long distance among mainstream users. Cincinnati Bellprovides a wide range of telecommunications products and services to residentialand business customers in Ohio, Kentucky and Indiana. Cincinnati Bell isheadquartered in Cincinnati, Ohio. For more information, visitwww.cincinnatibell.com. 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 annuallyfor 630 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