US mobile communications firm Syniverse has agreed to pay €550m (US$692.6m) for Luxembourg-based rival MACH. Both companies offer solutions in the field of roaming between operators.
In a statement Syniverse said that Deutsche Bank acted as its sole…
US mobile communications firm Syniverse has agreed to pay €550m (US$692.6m) for Luxembourg-based rival MACH. Both companies offer solutions in the field of roaming between operators.
In a statement Syniverse said that Deutsche Bank acted as its sole M&A adviser and that Barclays, Deutsche Bank, Credit Suisse and Goldman Sachs will provide debt financing for the transaction. No financing specifics were revealed.
Debevoise & Plimpton and Shearman & Sterling acted as legal advisers to Syniverse.
Syniverse CEO Jeff Gordon said: “As mobile continues to permeate everyday life around the globe, Syniverse will have the added scale to provide mobile service providers (MSPs), such as mobile operators, Internet service providers, cable MSOs, emerging providers, enterprises and more, improved time to market and capabilities that deliver the quality of experience that end users demand.”
