Transaction Update

4 Dec 2007 11:50

Billing Services Group Limited04 December 2007 Billing Services Group Limited (the "Company" or "BSG") Transaction Update BSG, one of the telecommunications industry's leading clearing and settlement,payment and financial risk management solutions groups is delighted to note thatit has received regulatory approval from the European Commission for theproposed sale of its Wireless Business to Syniverse Technologies, Inc. for $290million in cash (announced on 2 April 2007). The Company continues to work with Morgan Stanley Senior Funding Inc. tosyndicate a facility to facilitate a capital reduction and a furtherannouncement will be made in due course. 4 December 2007 ENDS Enquiries: Evolution Securities Limited +44 (0)20 7071 4300Stuart AndrewsFergus Marcroft Hogarth Partnership +44 (0)20 7645 3988Julian Walker This information is provided by RNS The company news service from the London Stock Exchange