New Contract with Warid

7 Aug 2007 07:01

Billing Services Group Limited07 August 2007 NEWS RELEASE Contacts:Julian Walker - Investor relationsThe Hogarth Partnership+44 (0) 20 7357 9477jwalker@hogarthpr.co.uk Erin Brennan GilmoreBlanc & Otus Public Relations - US media relations+1 512 372 6653ebgilmore@blancandotus.com BSG Announces New Contract with Warid Telecom Bangladesh Global clearinghouse continues to expand presence in the Asia Pacific region RUSSELSHEIM, GERMANY - August 7, 2007 - BSG Clearing Solutions, (BSG), a subsidiary of Billing Services Group Limited (AIM:BILL), the telecom industry's clearing and settlement provider, today announced a new customer contract with mobile operator Warid Telecom Bangladesh. Under the agreement, BSG will manage data clearing for the company with options for value added services. The WaridTelecom agreement marks BSG's fifth new contract win in the Asia Pacific overthe past six months. Warid Telecom launched its Bangladesh operations in May 2007 and has alreadyacquired more than one million subscribers within 70 days. The company alsoachieved 60 roaming partners within only 60 days of its commercial operation. The company selected BSG's wireless data clearing services due to the highquality of service it can provide from one of its world class operations teamsbased in Hong Kong. Additionally, BSG's satellite offices in Singapore and KualaLumpur give the company a highly capable, local focus in the Asia Pacificregion. "BSG's high quality of service, dedicated, local support and ability to scalewith our growth and innovative wireless services make it the best clearinghousefor our new Bangladesh operations," commented Mr. Naveed Saeed, General ManagerSales and Marketing of Warid Telecom Bangladesh. "Because of our newrelationship, we expect to experience increased operational efficiencies thatwill significantly improve our bottom line." BSG has gained a strong presence in the Asia Pacific market with customers suchas Telstra, DiGi Malaysia, True Move, Hong Kong CSL, New World, and DST Com.This new contract with Warid Telecom Bangladesh further demonstrates BSG'scommitment to mobile operators across the region. Atul Devani, chief executive officer of BSG wireless commented, "Our rapidgrowth in the region can be attributed to our deep understanding of the market'sneeds and the local support we offer in Hong Kong, Singapore and Kuala Lumpur.Leading operators such as Warid Telecom continue to recognize our value and welook forward to further expanding our regional footprint." 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 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 the financial exchange of its customers' services. BSG meets the needs of today's complex 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 Warid Telecom Warid Telecom, the first venture for the Abu Dhabi Group in the telecommunications sector, launched services in Pakistan on the 23rd of May2005. It is now the fastest growing mobile company in Pakistan with a currentsubscriber base of 10 million customers achieved in 500 days and has the distinction of carrying out one of the fastest network rollouts in Asia at the time of its launching in May, 2005. Warid Telecom has achieved its current market position in Pakistan through a focus on customer service and innovation, and is recognized for its quality of service and strong brand image. The company has over the last six months more than doubled its investment in the expansion of its network and capacity in order to meet the rapidly growing demand for its services. For more information, visit www.waridtel.com. ### This information is provided by RNS The company news service from the London Stock Exchange