MACH and Telefónica Móviles Colombia – Movistar Announce Financial Clearing
MACH and Telefónica Móviles Colombia – Movistar Announce Financial Clearing Partnership
Luxembourg, 23 January, 2006 – MACH, the leading clearing and settlement partner for mobile based transactions, today announced that it will provide GSM roaming financial clearing and settlement services to Telefónica Móviles Colombia S.A. Movistar, one of the leading telecommunications company in Colombia. With these services Movistar will be able to optimise its cash-flow and offer its subscribers secure and reliable international roaming.
Under the agreement Movistar has outsourced the complete GSM financial clearing and settlement process to MACH, which will provide its MACH Finance solution. MACH will offer technical and financial specialist support for its services from its regional office in the Americas located in Curitiba, Brazil.
Mr. Juan Carlos Niño, Interconnect, Roaming and Content Director, of Telefónica Móviles Colombia, explained: “We chose MACH as our partner based on the strength of its advanced range of services, value-for-money offering and total commitment to the highest levels of client support.
“MACH’s ability to offer Movistar full local support from its representation in America, both in terms of speaking our language and understanding our particular needs in the region, was a significant factor behind the decision to choose MACH as our partner,” he added.
Demand for international roaming services is increasing in Colombia and Latin America, as more and more mobile subscribers want to use their network services when they travel abroad. MACH’s financial clearing and settlement services will provide Movistar with a secure foundation for exchanging roaming invoicing data with other mobile operators in accordance with the GSM Association’s specifications.
Mr. Terence Ledger, Chief Commercial Officer of MACH said: “The telecoms market in Latin America is constantly evolving and this is an exciting time to be involved in this developing market. We have extensive experience of supporting operators in this region and are extremely delighted to be working with Movistar, and look forward to a long and close relationship.”
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