Bloomberg News

Syniverse Gets EU Objections Over Mach Phone-Services Deal

March 08, 2013

Syniverse Holdings Inc. received objections from European Union antitrust regulators listing concerns with its plans to buy Mach, a rival provider of services to mobile-phone companies.

“We’ve received a statement of objections,” Margaret Goldberg, a spokeswoman for Tampa, Florida-based Syniverse, said in an e-mail. “The statement does not represent the final findings” of the European Commission and “is an interim step.”

Syniverse said in a regulatory filing this week that the EU was examining the deal’s effect on markets for data clearing and near real-time roaming data exchange. Syniverse, owned by Carlyle Group LP (CG:US), agreed to buy Luxembourg-based rival Mach for about 550 million euros ($714 million) in July.

Companies can defend deals in writing or at an oral hearing and can propose concessions to eliminate EU concerns before the agency makes a final decision on whether a bid would damage competition.

The EU opened an in-depth probe in December, saying the merger may hamper competition by forming the largest data- clearing house “by a very wide margin” for settling usage records for consumers making calls or using data on telephone networks for telecommunications providers.

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net


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  • CG
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    • $31.09 USD
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