Syniverse Gets EU Objections Over Mach Phone-Services DealAoife White
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, 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.