BILL.L Regulatory News (BILL)

21 Aug 2006 07:01

Billing Services Group Limited21 August 2006 BSG Announces Contract Renewal with Orange UK LONDON - August 21, 2006 - BSG Clearing Solutions (BSG), a subsidiary of BillingServices Group Limited (AIM:BILL), a global leader in clearing and settlement,payment and financial risk management solutions for communications serviceproviders, today announced the renewal of its contract for financial clearingand settlement services with Orange UK. Orange UK has been working with BSG for three years and the renewal is testamentto the company's strong business relationship. Orange UK decided to maintain therelationship based on BSG's proven ability to deftly manage the complexities oftransaction clearing -- particularly in the fast-evolving convergenceenvironment. BSG has been invaluable to Orange UK in this regard, helping deviseclearing solutions for millions of new transactions from mobile roaming and SMSInterworking services. "We elected to continue our long-standing relationship with BSG based on theirexperience, expertise, quality of service delivery and the transparent benefitsthat we derive from their approach to clearing and settlement," said AlastairMartin, Settlement Manager, Orange UK. "Those benefits have been reducedoperational risk, improved efficiency, better cash-flow management and savingsin both administrative and banking costs. We have been, and continue to be, verypleased with the service BSG provides and its ability to manage technical andoperational change in a rapidly shifting market." "We are delighted that Orange UK has decided to continue with BSG. We arelooking forward to evolving with them as we continue to grow our respectivebusinesses," said Atul Devani, CEO of BSG's wireless services. About Orange UK Orange UK provides high quality GSM coverage to 99% of the UK population, andoffers roaming to pay monthly customers on 393 networks in 156 countries and topay as you go customers on 131 networks in 67 countries. At the end of March2005, Orange UK had over 14.3 million active customers, more than any other UKnetwork, making it the UK's number one. In October 2004, Orange UK won theMobile Choice Consumer Awards - voted for by readers of Mobile Choice magazine -for Best Network Operator for the fourth year running. In May 2005, Orangegained the top ranking for customer satisfaction among mobile phone contract customers in the annual J.D. Power and Associates 2005 UK Mobile Telephone Customers Satisfaction Study. It is the seventh time Orange has been ranked top bythe study. Information about Orange can be found on the Orange website atwww.orange.co.uk and media information can be found at www.orange.com. Forfurther information, call the Orange media centre at +44 20 7984 2000 or +447973 201911. 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 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. Contact: Julian Walker - Investor relationsGainsborough Communications Consultancy+44 (0)20 7190 1705jw@gainsboroughcomms.com Erin Brennan - Media relationsBlanc & Otus Public Relations+1 512 372 6653ebrennan@blancandotus.com Helen BicknellBSG Clearing Solutions+44 (0) 207 608 8000Helen.bicknell@bsgclearing.com All company or product names are trademarks and/or registered trademarks. ENDS This information is provided by RNS The company news service from the London Stock Exchange