Telecom Lead America: Syniverse, a company behind mobile
number portability technology in India and globally, is set to increase its
global footprint and scale through the acquisition of MACH, a provider of
hub-based mobile communication solutions.
In a strategic move, Syniverse has inked a definitive
agreement to takeover MACH for cash consideration of approximately 550 million
euro.
Barclays, Deutsche Bank, Credit Suisse and Goldman Sachs
will provide debt financing for the transaction, which is subject to regulatory
approvals.
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,” said Jeff Gordon, president and CEO,
Syniverse.
Syniverse provides wireless voice and data service for
more than 900 operators in more than 160 countries.
The acquisition will enable Syniverse to bring new solutions
such as real-time intelligence, fraud prevention, and revenue assurance.
In addition, the company will also be able to carry out
more flexible roaming solutions that address ecosystem interoperability, Wi-Fi
offload, multi-SIM solutions and mandated provisions to support local breakout.
The company reckons that the proposed acquisition will
grow its top line revenue, while providing the scale and critical mass to
further develop and speed to market advanced solutions.
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,” said Morten Brogger, CEO, MACH.
With a growing portfolio of cloud-based communication
services, MACH has 650 operator customers that it serves from offices in 12
countries, including T-Mobile, Telus, Verizon Wireless and Microsoft.
In connection with the deal, Deutsche Bank acted as sole
M&A adviser and Debevoise & Plimpton and Shearman & Sterling acted
as legal advisers to Syniverse.
Syniverse sets up LTE Hub
Last month, Syniverse established a LTE Hub that offers
operators access to full LTE and IP Multimedia Subsystem (IMS) interoperability
and interworking for 4G voice and data roaming.
