BILL.L Regulatory News (BILL)

16 Oct 2006 07:01

Billing Services Group Limited16 October 2006 NEWS RELEASE Contacts: Julian Walker - Investor relationsGainsborough Communications Consultancy+44 (0)20 7190 1705jw@gainsboroughcomms.com Erin BrennanBlanc & Otus Public Relations - US media relations+1 512 372 6653ebrennan@blancandotus.com DiGi Selects BSG for International Roaming Capabilities Agreement with leading Malaysian mobile operator further extends BSG's customer base in Asia HONG KONG - October 16, 2006 - BSG Clearing Solutions, (BSG), a subsidiary ofBilling Services Group Limited (AIM:BILL), the telecom industry's clearing andsettlement provider, today announced an agreement with Malaysian operator DiGiTelecommunications Sdn Bhd to deliver international roaming financial clearingservices. Under the agreement, BSG will manage financial clearing and settlement for thecompany's network of over 200 international roaming partners, includingdetermining operators' net cash positions and transacting the foreign exchangeof funds across various currencies. "BSG is helping us to simplify the financial clearing process by offeringflexibility and visibility that allows us to manage our settlement efficientlywithout compromise on control and governance," said Johan Dennelind, chieffinancial officer at DiGi. Atul Devani, chief executive of BSG's wireless services, said: "We're thrilledto increase our Asian client base though this partnership with Malaysia'sfastest-growing mobile operator and will fully support DiGi as theirinternational roaming customer base continues to expand." 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. About DiGi DiGi is Malaysia's fastest-growing mobile operator, driven by innovation,simplicity and best value through DiGi Prepaid, DiGi Postpaid and DiGi Business. This information is provided by RNS The company news service from the London Stock Exchange