BILL.L Regulatory News (BILL)

4 Dec 2006 14:00

BSG Clearing Solutions (BSG), a global provider of clearing andsettlement, payment services and financial risk management solutionsfor communications service providers today announced that EdgeWireless has renewed its agreement with BSG for GSM wireless financialclearing services. The multi-year contract is another example of therobust business relationships that BSG has with their growing clientbase. £ An affiliate of Cingular Wireless, Edge Wireless is part of thelargest digital voice and data network in the United States. Under theagreement, BSG will manage financial clearing and settlement for thecompany's network of domestic and international roaming partners,including determining operators' net cash positions and transactingthe foreign exchange of funds across various currencies. £ Don Adams, Director of Business Development for Edge Wirelesssaid, "I am extremely satisfied with the service quality, operationalexpertise and experience of the entire BSG team. Our financialclearing process is streamlined and seamless, and the reportingfunctionality gives us the capabilities that we need. I look forwardto developing the relationship with BSG as we continue to deliver newproducts and services to our customers." £ David Wasserman, General Manager of BSG North America's wirelessservices commented, "We're pleased that Edge Wireless has continuedconfidence in our service. Our renewal with them demonstrates furtherour long-term commitment to our customers and the industry as awhole." £ About Edge Wireless £ Edge Wireless, LLC, headquartered in Bend, Oregon, offers wirelessservice in Oregon, California, Idaho and Wyoming. Edge Wireless is amember of the Cingular Wireless Network. All inquiries regarding EdgeWireless should be directed to Darla Pomeroy, 541-312-5451. EdgeWireless is a service mark of Edge Wireless, LLC. (C) 2006 EdgeWireless, LLC. £ 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 andan extensive portfolio of clearinghouse services for fixed-line,wireless, Wi-Fi, and broadband networks, BSG monetizes networktransactions by facilitating the financial exchange of its customers'services. BSG meets the needs of today's complex networkinterconnections and anticipates the requirements of convergingtechnologies, allowing for rapid and reliable deployment. BSG ClearingSolutions is an operating subsidiary of Billing Services GroupLimited, which is publicly traded on the London Stock Exchange (AIM)under the ticker symbol BILL. For more information, visitwww.bsgclearing.com. £ All company or product names are trademarks and/or registeredtrademarks. Copyright Business Wire 2006