Syniverse Completes Acquisition by The Carlyle Group

Tampa, FL - Syniverse Technologies, a leading provider of technology and business solutions for the global telecommunications industry, today announced that it has completed the process of being acquired by an affiliate of The Carlyle Group, a global alternative asset manager, for approximately $2.6 billion.

Pursuant to the terms of the merger agreement, Syniverse’s stockholders are entitled to receive $31.00 in cash, without interest, less any applicable withholding taxes, for each share of Syniverse common stock owned by them. As a result of the merger, Syniverse’s common stock will no longer be listed for trading on the New York Stock Exchange.

Stockholders of record will receive a letter of transmittal and instructions on how to surrender their shares of Syniverse common stock in exchange for the merger consideration. Stockholders of record should wait to receive the letter of transmittal before surrendering their shares.

Equity capital for the transaction came from Carlyle Partners V, a $13.7 billion U.S. buyout fund, and debt provided by Barclays Capital, Credit Suisse, Goldman Sachs, and Sumitomo Mitsui Banking Corporation.

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About Syniverse

Syniverse Technologies makes mobile work for more than 800 mobile operators, cable and Internet providers, and enterprises in over 160 countries. With unmatched expertise and more than 20 years simplifying the complexities of roaming, messaging and networking, Syniverse serves as the force at the center of the mobile communications universe, keeping people connected today and forging new connections for tomorrow. Nobody knows mobile like Syniverse. For more information, visit www.syniverse.com, follow Syniverse on Twitter or find Syniverse on Facebook.

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