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Syniverse to buy Luxembourg’s MACH
04 July 2012
Deutsche Bank, Barclays, Credit Suisse and Goldman Sachs will arrange debt financing for acquisition
US mobile phone systems company Syniverse has agreed to buy Luxembourg-based telecoms firm MACH for €550 million in cash. The deal will enable Syniverse to add to present worldwide client base of over 900 mobile service providers in more than 160 nations with improved mobile ecosystem interoperability.
Jeff Gordon, Syniverse’s president and CEO, said: “The proposed acquisition will benefit both mobile users and the entire mobile ecosystem with greater reach, agility and solutions for the Mobile 3.0 environment, simplifying the increasing complexity of interoperability and service ubiquity.”
Private equity group Carlyle bought Syniverse in early 2011 for $2.6 billion. Deutsche Bank, Barclays, Credit Suisse and Goldman Sachs will arrange debt financing for the latest acquisition.
Morten Brøgger, MACH’s chief executive, said: “The proposed acquisition offers significant potential benefits for our customers and end users globally. Combined, we would provide a complementary suite of solutions that would enable customers to deliver an enhanced end-user experience.” GTB
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