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

Luxembourg - 10 July 2007

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".

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