A PYMNTS Company

EU: Syniverse ups roaming game with approved Mach buyout

By  |  July 1, 2013

Telecom company Syniverse announced the completion of its merger with Mach, first announced a year ago, in a more than $700 million deal that sees Syniverse increase its roaming, messaging and fraud detection services. The European Commission opened up a probe of the proposed merger in late-2012 over concerns the deal would hamper competition in certain roaming technology sectors, say reports. Mach agreed to divest some of its businesses and the deal was approved last May. Syniverse announced the completion of the transaction on Monday.

Full Content: Total Telecom

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