Syniverse Holdings Inc. won European Union approval for its plan to buy Mach, a rival provider of services to mobile-phone companies, after EU regulators said it agreed to sell a “significant part of Mach’s assets.”
The divestment concerns Mach’s Data Clearing services and Near Trade Roaming Data Exchange services in Europe, the European Commission said in an e-mailed statement today. These two types of services are technical steps of the roaming process enabling people to use their mobile phones while travelling abroad, it said.
“The proposed commitments will ensure that the merger does not hamper the smooth functioning of wholesale roaming services through an increase in price or a decrease in quality,” Joaquin Almunia, the EU’s antitrust chief, said in the statement.
Syniverse, owned by Carlyle Group (CG:US), agreed to buy Luxembourg-based Mach for about 550 million euros ($709 million) in July. The company said it would cooperate with EU regulators to resolve competition issues.
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