BILL.L Regulatory News (BILL)

20 Feb 2007 07:03

Billing Services Group Limited20 February 2007 NEWS RELEASE Contacts:Julian Walker - Investor relationsGainsborough Communications Consultancy+44 (0)20 7190 1705jw@gainsboroughcomms.com Erin Brennan GilmoreBlanc & Otus Public Relations - US media relations+1 512 372 6653ebgilmore@blancandotus.com Hong Kong CSL Renews Agreement with BSG, Expands Contract to Include Service for New World Mobility Agreement with largest Hong Kong operator solidifies BSG's increasing market share in Asia HONG KONG - February 20, 2006 - BSG Clearing Solutions, (BSG), a subsidiary ofBilling Services Group Limited (AIM:BILL), the telecom industry's clearing andsettlement provider, today announced a multi-year renewal agreement with HongKong CSL and a new contract with New World Mobility to deliver internationalroaming data and financial clearing services. Hong Kong CSL purchased New WorldMobility in April 2006 and chose to migrate New World Mobility's clearingrequirements to BSG from an incumbent supplier. Under the agreement, BSG will manage data and financial clearing and settlementfor the company's combined 339 international roaming partners, which cover 256countries. BSG will determine operators' net cash positions and transact theforeign exchange of funds across various currencies. "We have always experienced an exceptionally high quality of service from theoperations team," said Maria Lee, International Roaming Manager, Hong Kong CSL."BSG's efficiency, skills, knowledge and pure dedication to delivering customersatisfaction cannot be beaten. We're confident that we have the best supplier inthe industry." "Our Asia Pacific and European teams have consistently delivered an efficient,unrivalled service and we are very pleased that New World has chosen us abovetheir existing supplier to manage their clearing function," commented AtulDevani, Chief Executive of BSG's wireless services. "We have an excellentrelationship with Hong Kong CSL. We are happy they have decided to continuetheir roaming business with us and we look forward to helping each other growand develop our respective businesses." About BSG Clearing SolutionsBSG 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 annually for 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 Hong Kong CSL Limited ("CSL")CSL is a pioneer in the mobile communications market in Hong Kong. The Companylaunched its mobile services in 1983, and today operates a world-class GSM /WCDMA network. In April 2006, CSL and New World Mobility officially merged. TheCompany markets its services to various segments through its mobile brands:1O1O, One2Free and New World Mobility. CSL introduced its 3G and Wi-Fi Service in 2004 and HSDPA in 2006, and haspioneered the launch of HSCSD, GPRS, MMS, EDGE, Video Sharing and "3G Mobile TV"in Hong Kong. For more information about CSL, please visit www.hkcsl.com. xxx This information is provided by RNS The company news service from the London Stock Exchange