A PYMNTS Company

EU: Telecom co tries to strengthen offer to takeover rival

By  |  April 22, 2013
EU: Telecom co tries to strengthen offer to takeover rival

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Reuters

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