Following an in-depth investigation, the European Commission has cleared the acquisition by Syniverse Technologies of Billing Services Group’s (BSG) wireless business. Syniverse is a global provider of technology services to wireless telecommunication companies. BSG is a global provider of payment processing and clearing services for fixed-line and wireless communication service providers. The Commission opened the investigation in July 2007 amidst concerns that the deal would affect competition in the market for GSM roaming data clearing services as the transaction would reduce the number of providers in Europe from three to two. The Commission ultimately approved the transaction after concluding that the combined entity would still face strong competition from market leader Mach, new entrants to the market were likely to emerge, and customers were unlikely to be harmed.