MACH Announces Agreement to Acquire Cibernet

Luxembourg - 6 March 2007

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

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.

Martin Lippert, CEO of MACH commented, "With Cibernet's strong position in the financial settlement market, MACH will have a strong platform to offer our combined services to the global mobile operator market.
Furthermore, bringing MACH's and Cibernet's competencies together will allow us to deliver unparalleled solutions and will expand the wealth of value-adding services from which all clients can benefit."

By collectively combining MACH's and Cibenet's market position and global knowledge bank, the combined company is well-positioned to integrate effectively and expand their product portfolios.

MACH's and Cibernet's combined processing platform is agnostic to GSM, CDMA and other wireless technologies, which will allow for integration and further expansion of the services portfolio.

Piyush Sodha Chairman & CEO of Cibernet stated, "Through a greater regional presence, experienced multi-lingual support and dedicated account management, we bring a 'high customer touch' approach, taking client care to the next level."

The combined company's product portfolio will be strengthened to further enhance mission critical operator services around mobile data clearing and financial settlement. "The financial scale and integrity of the combined company together with the growth prospects, position the company perfectly to provide further value to all stakeholders, its valued client base, supportive investors and highly talented employees", stated Vince Tallent, CFO of MACH.

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