BILL.L Regulatory News (BILL)

22 Nov 2006 07:02

Billing Services Group Limited22 November 2006 NEWS RELEASE 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 O2 Germany Renews Agreement with BSG Clearing Solutions for Wireless Clearing Services Russelsheim, Germany - November 22, 2006 - BSG Clearing Solutions (BSG), asubsidiary of Billing Services Group Limited (AIM:BILL), the telecom industry'sclearing and settlement provider, today announced that O2 Germany has renewedits agreement with BSG for GSM wireless data and financial clearing services.The renewed multi-year contract extends the successful business relationshipbetween O2 Germany and BSG. "As a pioneer in the telecommunications marketplace, O2 continually sets newstandards," stated Atul Devani, CEO of wireless services for BSG ClearingSolutions. "We're pleased to support them as they deliver new services andremain at the forefront of mobile communications." Under the agreement, BSG Clearing Solutions will continue to provide GSMwireless data and financial clearing services for roaming. These services willencapsulate other roaming-related projects to O2 Germany. Dirk Schmelzer, Vice President Carrier and International Services, O2 Germanycommented, "giving our customers the highest level of products and services isour number one priority. BSG's industry knowledge, operational expertise andexperience ensure our requirements continue to be best met. We are lookingforward to developing our long-term relationship and collaborating further withBSG, the world's leading clearing house provider." About O2 GermanyO2 (Germany) GmbH & Co. OHG, a subsidiary of Telefonica O2 Europe and part ofthe Spanish telecommunications group Telefonica S.A offers its post-paid andpre-paid subscribers almost blanket GSM coverage in Germany through its ownmobile communications network and a roaming agreement with T-Mobile Deutschland.In addition, as an integrated communications provider, the company providesinnovative mobile data services on the basis of GPRS and UMTS Technology, aswell as mobile phone services and DSL and landline telephony. Telefonica O2Europe has nearly 38 million mobile and landline subscribers in the UnitedKingdom, Ireland, the Czech Republic and Germany. 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 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. ### This information is provided by RNS The company news service from the London Stock Exchange