Syniverse Technologies, the US telecoms services firm, is preparing for the receipt of the European Union antitrust regulatory approval for the Eur550 million or US$710.44 million buyout of Mach. This comes after the latter agreed to divest its shareholdings in its competitor's operations.
Syniverse is owned by the Carlyle Group and made the offer public for Mach, which is based out of Luxembourg in July last year. The move would merge the top two firms comparing in the mobile roaming revenues market.
The companies would collect the callers roaming data which mobile providers would then use to find out the payments that need to made to each of the telecommunications firms for the use of roaming services.
In December 2012, the European Commission had opened and investigation into the deals, as it was concerned that the merger could lead to unwarranted price increases for the consumers. The merger would be able to ease out the competition throughout Europe and the rest of the world.
According to an anonymous source familiar with the transaction, "The Commission will give conditional clearance."
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