18th Oct 2006 14:00
BSG Clearing Solutions (BSG), a subsidiary of Billing ServicesGroup Limited (AIM: BILL), the telecom industry's global clearing andsettlement provider, today announced the renewal and expansion of itscontract with Telstra, Australia's principal telecommunicationscompany, for financial clearing and settlement services. £ Under the agreement, BSG will continue to provide GSM financialclearing and settlement services for their international roamingpartners, including determining operators' net cash positions andtransacting foreign exchange of funds across various currencies. Inaddition, Telstra selected BSG over its incumbent CDMA clearingprovider to begin handling the financial clearing for its CDMA roamingnetwork. Telstra has a significant number of roaming partners on bothGSM and CDMA. £ Atul Devani, CEO of BSG's wireless services commented, "We arethrilled to continue our relationship with Telstra and expand ourservices for both of their roaming platforms. This contract is atestament to the quality of our working relationship and we lookforward to continuing to serve them." £ About BSG Clearing Solutions £ BSG Clearing Solutions is a leading global provider of clearingand settlement, payment services, and financial risk managementsolutions for communications service providers. The company processesover 20 billion transactions annually for 750 of the world's largestcommunications companies throughout North America, Europe and Asia.With a ubiquitous, scalable platform and an extensive portfolio ofclearinghouse services for fixed-line, wireless, Wi-Fi, and broadbandnetworks, BSG monetizes network transactions by facilitating thefinancial exchange of its customers' services. BSG meets the needs oftoday's complex network interconnections and anticipates therequirements of converging technologies, allowing for rapid andreliable deployment. BSG Clearing Solutions is an operating subsidiaryof Billing Services Group Limited, which is publicly traded on theLondon Stock Exchange (AIM) under the ticker symbol BILL. For moreinformation, visit www.bsgclearing.com. All company or product names are trademarks and/or registered trademarks. Copyright Business Wire 2006Related Shares:
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