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EU: Telecom co tries to strengthen offer to takeover rival

By  |  April 22, 2013

Syniverse Technologies, a leading telecommunications service provider based in the US, has reportedly offered additional concessions to the European Commission in order to clear its proposed buyout of rival Mach, based in Luxembourg. Exact details of the concessions offered were not revealed, but the deal is valued at $719.5 million. The Commission has a June 20 deadline to rule on the deal, which will lead to the combining of the globe’s top-two contesters within the mobile roaming services market. According to sources, Syniverse originally offered to divest some assets that would be acquired from Mach in part of the deal; third parties commenting on the deal were unsatisfied with the offer.

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    Full Content: Reuters

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