BILL.L Regulatory News (BILL)

16 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 an agreement with Malaysianoperator DiGi Telecommunications Sdn Bhd to deliver internationalroaming financial clearing services. £ Under the agreement, BSG will manage financial clearing andsettlement for the company's network of over 200 international roamingpartners, including determining operators' net cash positions andtransacting the foreign exchange of funds across various currencies. £ "BSG is helping us to simplify the financial clearing process byoffering flexibility and visibility that allows us to manage oursettlement efficiently without compromise on control and governance,"said Johan Dennelind, chief financial officer at DiGi. £ Atul Devani, chief executive of BSG's wireless services, said:"We're thrilled to increase our Asian client base through thispartnership with Malaysia's fastest-growing mobile operator and willfully support DiGi as their international roaming customer basecontinues to expand." £ 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. £ About DiGi £ DiGi is Malaysia's fastest-growing mobile operator, driven byinnovation, simplicity and best value through DiGi Prepaid, DiGiPostpaid and DiGi Business. Copyright Business Wire 2006