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EU: Syniverse willing to sell off part of Mach after buyout

By  |  May 29, 2013

The European Commission has reportedly approved of mobile phone servicer Syniverse Holdings Inc.’s buyout of rival Mach so long as a significant portion of Mach assets are divested. Specifically, the Commission raised concerns over the company’s Data Clearing and Near Trade Roaming Data Exchange services throughout the continent. Both services are for consumers using mobile devices while traveling abroad. The deal was originally inked or $709 million nearly a year ago; since, Syniverse agreed to cooperate with the Commission to assure issues are resolved and the deal goes through.

Full Content: Bloomberg

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