MACH Signs Agreement With Mobitel D.D. Slovenia To Provide Financial Clearing & Settlement Solutions

Luxembourg, 10th July, 2007 (www.AllPayNews.com) - MACH, the leading global clearing and settlement partner for mobile based transactions, today announced that Mobitel D.D. Slovenia has signed a contract with MACH for their market-dominant Financial Clearing & Settlement solution.

Mobitel D.D. Slovenia is Slovenia's national mobile telecommunications operator and provides a range of mobile services to domestic and foreign users throughout the country. They are the leading operator in Slovenia with more than 70% market share and their services include GSM 900/1800, GPRS, WLAN and UMTS.

Slovenia has one of the highest mobile penetration rates in Europe, which is growing rapidly. As a result of this burgeoning market, it is imperative for Mobitel Slovenia to have a reliable and solid Financial Clearing & Settlement system in place to ensure that revenues from their increased customer base are collected accurately and on time, to cater for both existing and future demand.

Mobitel Slovenia decided to move to MACH from their previous Financial Clearing service provider, due to MACH's capacity to help them increase their profitability. The timing of the move follows on from MACH's recent merger with Cibernet; which has further cemented MACH's market superiority in providing advanced Financial Clearing & Settlement solutions for mobile operators worldwide.

MACH prides itself on excellent customer care and service levels. One of the main reasons why Mobitel Slovenia chose MACH for their Financial Clearing & Settlement alongside their current Data Clearing contract is due to the very good relationship between both companies, in addition to MACH's proven strength of solutions and experience of working with the biggest global operators.

Terence Ledger, Chief Commercial Officer at MACH commented; "The agreement with Mobitel Slovenia represents a further endorsement of MACH's proven track record of providing operators whom operate in some of the world's most rapidly changing markets, with an effective future-proofed Financial Clearing & Settlement solution. We are delighted to have signed this agreement with Mobitel Slovenia, and look forward to a long-term partnership".

ENDS

Enquiries

MACH:
Sophia Parsons
Global Project Manager
spa@mach.com
+45 4590 2024

SonusPR for MACH:
James Lambert
James.lambert@sonuspr.com
020 78514890

Mobitel D.D. Slovenia:
Mateja Sonc
IR Coordinator
mateja.sonc@mobitel.si

About MACH
MACH is the leading global clearing and settlement partner for mobile based transactions. We help telecommunications companies and enterprises across the world to secure and develop existing and new revenue streams.
We specialise in outsourced solutions within roaming clearing and billing, Interconnect and WLAN. In addition, we deliver mobile content services through the independently operating brand End2End as well as EDI under the Progrator brand. Our global client base comprises the leading international telecommunication companies, including established national operators on five continents and new licensees worldwide. With more than 500 employees and offices in 11 countries throughout the world, we combine global expertise and operations with local knowledge in each of our markets. For further information please visit www.mach.com

About Mobitel D.D. Slovenia
Mobitel Slovenia is the national mobile telecommunication operator, establishing and managing the infrastructure in Slovenia through their innovative technology and service solutions. Mobitel Slovenia was established in October 1991 as a limited liability company with the task of developing mobile telecommunications and creating a mobile network in Slovenia - by paying in additional capital at the end of the year, the founder (SP PTT Ljubljana) is joined by other PTT companies from all across Slovenia.

In November 1992, Mobitel Slovenia became a public limited company. In 1994, PPT Slovenija made a division of its activities into post-related and telecommunications activities, with Telekom Slovenije becoming the owner of Mobitel with 100% shares. The Mobitel NMT Network becomes operational in July 1991 and by November 1995 Slovenia entered the world of digital mobile telecommunications, with the testing of the Mobitel GSM Network. In December 1995, Mobitel Slovenia was nominated by the Government of the Republic of Slovenia, as the country's national operator. In 1996, Mobitel Slovenia becomes a member of the GSM Association. To view further information about Mobitel D.D. Slovenia, please visit: www.mobitel.si