Syniverse Completes Acquisition of BSG Wireless

Syniverse Technologies (NYSE:SVR), a leading provider of
technology and business solutions for the global telecommunications
industry, announced today that its acquisition of the wireless
services business of Billing Services Group Limited (BSG) has been
completed. The combined company serves more than 500 customers in over
100 countries with the industry´s broadest suite of voice and data
roaming, financial clearinghouse, messaging, and signaling services.

"This acquisition significantly expands Syniverse´s global
footprint and adds a world-class financial settlement platform to our
industry-leading suite of services," said Tony Holcombe, President and
CEO, Syniverse. "The combination of Syniverse and BSG Wireless also
will lead to increased operating efficiencies, and we expect to
realize $12 million of annual cost synergies within two years."

The former BSG Wireless operations will become part of Syniverse´s
EMEA organization and will be led by Eugene Bergen Henegouwen,
Executive Vice President, EMEA, Syniverse.

Bergen Henegouwen said the acquisition will enable Syniverse to
provide increasingly superior products and services over the long
term.

"The blend of Syniverse and BSG Wireless know-how will allow us to
deliver mobile operators even higher levels of expertise and
innovative solutions while addressing their needs for a trusted
one-stop shop for both data clearing and financial clearing services,"
he said.

The transaction was funded through the draw down of the company´s
amended and restated credit facility completed in August 2007.
Included in the facility were a delayed draw term loan of $160 million
in aggregate principal and a Euro-denominated delayed draw term loan
facility of the equivalent of $130 million intended to finance this
acquisition.

Conference Call & Analyst Day

Syniverse will provide an overview of the combined company and its
integration plans Jan. 15, 2008, at 4:30 p.m. ET during a conference
call. To participate on the conference call, U.S. callers may dial
toll-free 1-800-659-2032; international callers may dial direct (+1)
617-614-2712. The passcode for this call is 78027753. The call will be
webcast live over the Internet in listen-only mode at
www.syniverse.com/investorevents.

A replay of the call will be available beginning shortly after it
concludes through Jan. 29, 2008, at 11:59 p.m. ET. To access the
replay, U.S. callers may dial toll-free 1-888-286-8010; international
callers may dial direct (+1) 617-801-6888. The replay passcode is
18514412.

Additionally, the company will speak about the integration and
other topics at its annual Analyst Day briefing on Feb. 21, 2008.
Details about Analyst Day will be announced in the next few weeks.

About Syniverse

Syniverse Technologies (NYSE:SVR) solutions allow more than 500
communications companies in over 100 countries to provide seamless
mobile services by making it possible for disparate technologies and
standards to interoperate. Syniverse´s flexibility and customer
focus permit its customers to quickly react to market changes and
demands, enabling the delivery of everything from voice calls to
sophisticated data and video services wherever and whenever
subscribers need them. Celebrating its 20th anniversary in 2007,
Syniverse is headquartered in Tampa, Florida, U.S.A., and has offices
in major cities around the globe. Syniverse is ISO 9001:2000 certified
and TL 9000 approved, adhering to the principles of customer focus and
quality improvement practices. More information is available at
www.syniverse.com.

Cautions about Forward-Looking Statements

Statements in this press release which are not purely historical
facts or which necessarily depend upon future events, including
statements about Syniverse´s expectations regarding operating
efficiencies, cost synergies, and Syniverse´s products and services,
are forward-looking statements within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended. Readers are cautioned
not to place undue reliance on forward-looking statements. All
forward-looking statements are based upon information currently
available to Syniverse. Syniverse undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise. Any forward-looking
statements involve risks and uncertainties that could cause actual
events or results to differ materially from the events or results
described in the forward-looking statements, including risks or
uncertainties inherent in or related to the integration of the
acquired business (including unanticipated operating costs,
restructuring charges and business disruptions following the proposed
transaction); or competition within the European, Asian and Middle
Eastern marketplaces from established or emerging competitors.
Additionally, Syniverse expects to incur significant restructuring
charges (including severance) in connection with the transaction.
Syniverse may not succeed in addressing these and other risks. Further
information regarding factors that could affect our financial and
other results can be found in the risk factors sections of Syniverse´s
filings with the Securities and Exchange Commission.