Syniverse plans new financing transactions with Twilio investment

By Sara Rosenberg

New York, Feb. 11 – Syniverse plans to pursue additional financing transactions in connection with an investment by Twilio Inc., according to a news release.

Proceeds from the financing and the Twilio investment will be used primarily to pay down Syniverse’s existing debt.

Twilio, a cloud communications platform, has agreed to invest up to $750 million in Syniverse.

The Carlyle Group will maintain its majority interest in Syniverse.

Closing is expected in Syniverse’s fiscal second-quarter 2022.

Syniverse is a Tampa, Fla.-based provider of technology and business services for the telecommunications industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.