BILL.L Regulatory News (BILL)

30 Oct 2006 07:02

Billing Services Group Limited30 October 2006 Cable and Wireless Select BSG for Data Clearing Framework Contract LONDON - October 30, 2006 - BSG Clearing Solutions (BSG), a subsidiary ofBilling Services Group Limited (AIM:BILL), the telecom industry's clearing andsettlement provider, today announced a framework agreement with Cable andWireless International to provide data clearing services. BSG will provide data clearing services to more than twenty Cable & Wirelesssubsidiaries and associates across the globe, covering more than 1000 roamingpartners in total. Using an incumbent supplier for data clearing, Cable andWireless decided it was the right time to conduct a market analysis with a viewto switching its clearing house provider. It was important for Cable and Wireless to find a flexible supplier who couldtailor its approach to its particular requirements. The outstanding reputationBSG has for providing high quality service was a key element in this decisionmaking process. "BSG was able to provide a significantly competitive offering. We are confidentwe have chosen the best supplier in the market place for clearing requirementsand we look forward to developing the relationship with them to further enhanceour business opportunities," said Frank Mount, CTO, Cable and WirelessInternational. Atul Devani, CEO of BSG Wireless said, "This new contract is a result of ourunbeatable service quality. We look forward to expanding the relationshipfurther to help build and develop new opportunities and technologies for Cable &Wireless International." About Cable and WirelessCable & Wireless is one of the worlds leading international communicationscompanies. It operates through two standalone business units International andUK. The International business unit operates integrated telecommunications companiesin 34 countries offering mobile, broadband, domestic and international fixedline services to residential and business customers, with principal operationsin the Caribbean, Panama, Macau, Monaco and the Channel Islands. The UK business unit provides enterprise and carrier solutions to the largestusers of telecoms services across the UK, US, continental Europe and Asia, andwholesale broadband services in the UK. For more information about Cable & Wireless, please visit www.cw.com 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. All company or product names are trademarks and/or registered trademarks. Ends Contacts: Julian Walker - Investor RelationsGainsborough Communications Consultancy+44 (0) 207 190 1705jw@gainsboroughcomms.com Erin Brennan GilmoreBlanc & Otus Public Relations - US media relations+1 512 372 6653ebgilmore@blancandotus.com Helen Bicknell - Marketing EMEABSG 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