BILL.L Regulatory News (BILL)

14 Aug 2006 07:01

Billing Services Group Limited14 August 2006 BSG Clearing Solutions Signs Contract with Mobile GSM Operator in Republic ofBelarus BSG further expands into Eastern Europe by providing BeST with flexible andreliable data clearing service LONDON - 14 August, 2006 - BSG Clearing Solutions, a global provider of clearingand settlement, payment services and financial risk management solutions todayannounced it has signed a new contract with mobile operator BelarusTelecommunications Network (BeST) to provide data clearing services. BeST, a state-controlled mobile GSM 900/1800 operator, launched its services inDecember 2005. The partnership with BSG Clearing Solutions will enable BeST to minimise thebusiness impact of handling the growing volumes of clearing data transactions.In addition to the traditional data clearing services, BSG is also offeringmanagement and negotiation of roaming agreements and TAP creation - which allowstimely tariffing and re-tariffing of data to be taken directly from themediation device. The initial duration of the contract will be two years. BeST 1st Deputy General Manager Mr. Sergey Poblagouev stated: "Our currentbusiness priority is to continue growing our network and further aligningourselves with trusted partners. Amongst several bidders we selected BSGClearing Solutions appreciating its track record of service quality, industryexpertise and ability to meet both our immediate and future clearingrequirements. Atul Devani, CEO of BSG's wireless services said, "This contract winfor BSG Clearing Solutions highlights our ongoing commitmentto be the leading provider of clearing and settlement solutions across Europe.The combination of our quality services and our comprehensive understanding ofthe industry puts us in an ideal position to serve customers in the excitingphases for GSM, CDMA and TDMA." ENDS About BSG Clearing Solutions (www.bsgclearing.com)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 630 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 BeST (www.best.by)Closed Joint Stock Company "Belarusian Telecommunications Network" (CJSC "BeST")was registered on November 5, 2004 License No. 02140/0184183 to provide wirelesstelecommunications services using GSM technology was issued to BeST on March 24,2005.At present BeST network operates in the capital of the Republic of Belarus - thecity of Minsk. - and in the regional centers: Grodno, Vitebsk. By the end of2006 BeST's services will be also available in Mogilev, Brest, and Gomel andalong main highways of Belarus. In 2008 BeST will cover the territory inhabitedby 90% population of Belarus the whole territory of the country - by the end of2014.BeST offers services in GSM900/1800 standard providing standard GSM services andis based on USSD technology. Total investment for the network infrastructuredevelopment will be US$ 234 million.All company or product names are trademarks and/or registered trademarks. Contacts:Lara GenserBlanc & Otus Public Relations - UK trade media relations+44 (0) 207 973 5911lgenser@blancandotus.com Erin BrennanBlanc & Otus Public Relations - US media relations+1 512 372 6653ebrennan@blancandotus.com Helen BicknellBSG Clearing Solutions+44 (0) 207 608 8000helen.bicknell@bsgclearing.com This information is provided by RNS The company news service from the London Stock Exchange