MACH

MACH and Cibernet join forces to form the leading global clearing and settlement partner for mobile based transactions

Luxembourg, 6th March 2007- MACH, the leading global clearing and settlement partner for mobile based transactions, has announced that it has entered into a definitive merger agreement to acquire CB Holdings, Inc., the parent company of Cibernet; a leading mobile roaming, clearing and business solutions provider. The transaction is subject to regulatory approval and is expected to close in the first half of 2007. Luxembourg-based MACH is a portfolio company of Warburg Pincus.

The combined MACH and Cibernet enterprise is expected to have 650+ mobile operator customers, creating a leading, global inter-operator services company. Once combined, MACH and Cibernet will process more than 25 billion billing records, messages and content downloads annually.

Solutions offered by the combined Mach - Cibernet business are expected to range from enhancements to existing clearing and settlement platforms, to roaming profitability products, content third-party transaction management products and open connectivity platforms, amongst others.