Syniverse Strengthens Relationship with KT via Competitive Takeaway

(South Korea mobile market)

TAMPA, Fla. – Nov. 17, 2011 – Syniverse today announced a major contract with top-tier South Korean operator KT (KT Corporation). This significant competitive takeaway is a multi-year agreement for data and financial clearing services, fraud detection, and roaming agreement management – all of which are compatible with LTE standards that will help the operator as it transitions to 4G. A milestone in Syniverse’s continued expansion in the advanced mobile market of South Korea, this new agreement paves the way for the company to support KT’s future path to 4G.

“Our expectation toward Syniverse’s best-in-class solutions, outstanding regional support teams and culture of innovation reinforced the decision to strengthen our relationship,” said Seokjun Kim, Ph.D., Vice President, Mobile Business Group, KT. “We are confident these core Syniverse services will enable us to deliver the best possible roaming experience for our customers now while ensuring we are prepared for the introduction of 4G and beyond.”

Among the solutions selected by KT are Data Clearing House for GSM/WCDMA; Financial Clearing House for GSM/WCDMA; DataNet, a Near Real-Time Roaming Data Exchange solution; knowledge-based fraud detection system FraudX; and Roaming Management Services.

The most recent KT contract adds to Syniverse’s fast-growing momentum in the Asia Pacific region in which it serves more than 180 customers, including some of the largest Tier 1 mobile operators. In September, Syniverse announced major wins in China and in India.

Syniverse President and CEO Jeff Gordon acknowledged the company’s success in the region is due in large part to its strong local presence, global infrastructure and scalable solutions.

“We understand that each region, country and operator face a truly unique set of challenges – there is no ‘one-size-fits-all’ solution,” Gordon said. “We are committed to working with each of our customers to fully understand their needs and then tailoring a solution set that helps them deliver brand-protecting services to subscribers while realizing new efficiencies. We are proud to extend these roaming support services to KT, which will help them to continue to exceed the expectations of their customers.”