TMCnet News
Syniverse Wins Major Contract with Cingular Wireless To Provide Clearing and Settlement ServicesTAMPA, Fla. --(Business Wire)-- Sept. 28, 2005 -- News Summary: Syniverse Lands Key Contract with Cingular Wireless, the Largest Wireless Provider in the U.S. Syniverse Technologies (NYSE:SVR), a leading provider of mission-critical technology services to wireless telecommunications companies worldwide, today announced it has won a major contract with Cingular Wireless to provide clearing and settlement services for a three-year period commencing January 2006. As the largest wireless provider in the United States with more than 50 million subscribers, Cingular Wireless operates the largest digital voice and data network in the U.S., including service in all top 100 metropolitan areas. The company is primarily GSM technology-based, but also maintains a TDMA network. Syniverse will provide Cingular with its ACCESS(R) S&E and ACCESS(R) clearing and settlement service, which simplifies the exchange of billing data between roaming partners by Syniverse acting as the single point of contact. This results in streamlined processing of roamer billing data, a single source of information regarding roaming customers and detailed reporting to calculate the financial position between roaming partners. Syniverse operates the largest wireless clearinghouse in North America. About Syniverse Syniverse is a leading provider of mission-critical technology services to wireless telecommunications companies worldwide. Syniverse solutions simplify technology complexities by integrating disparate carriers' systems and networks in order to provide seamless global voice and data communications to wireless subscribers. Carriers depend on Syniverse's integrated suite of services to solve their most complex technology challenges and to facilitate the rapid deployment of next generation wireless services. Syniverse provides services to over 330 telecommunications carriers in approximately 44 countries, including the ten largest U.S. wireless carriers and six of the ten largest international wireless carriers. Headquartered in Tampa, Fla., U.S.A., Syniverse has offices in major cities throughout North America, The Netherlands and the United Kingdom and a global sales force in the United Kingdom, Luxembourg, Italy, China, Hong Kong, Brazil, Slovakia and India. For more information, visit http://www.syniverse.com Cautions about Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements regarding the Company's plans, intentions and expectations. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. Given these concerns, investors and analysts should not place undue reliance on forward-looking statements. |
