A PYMNTS Company

EU: Sources say Syniverse, Mach deal to earn clearance

 |  May 20, 2013

According to sources, the European Commission will likely approve of a buyout of rival telecoms company Mach by US-based Syniverse Technologies in a deal worth more than $710 million. The two companies are both in the business of providing consumer data for mobile telecom companies; that data is used to determine wholesale payments the companies pay to each other when consumers use roaming data. A probe was launched over the deal last December, but according to reports, Syniverse has agreed to make a divestment in order to earn approval from regulators. Details of what that divestment may be were not reported, however.

Full Content: Money MSN

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.