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Syniverse, a global technology provider, will remain private after ending its merger with M3-Brigade Acquisition II Corp (MBAC). Twilio (TWLO) plans a minority investment of up to $750 million as part of an Alternative Transaction. Syniverse aims to utilize these funds primarily to reduce existing debt. Andrew Davies, CEO of Syniverse, expressed confidence in the company's strong market position and strategy for future growth. The transaction is anticipated to close in fiscal Q2 2022 and will not disrupt current operations.
Syniverse has partnered with Vodafone Oman to launch next-generation 5G roaming services in Oman. This collaboration will leverage Syniverse's Clearing and Settlement and Roaming Fraud Protection solutions to enhance operational efficiencies and optimize workflows for Vodafone Oman. With a focus on monetizing wholesale roaming traffic, Syniverse aims to improve reconciliation between Vodafone Oman and its partners. Additionally, the completion of Syniverse's merger with M3-Brigade Acquisition II Corp (NYSE: MBAC) is anticipated to conclude soon.
Syniverse Corporation has secured $1 billion in new senior secured term loans to refinance its capital structure ahead of its merger with M3-Brigade Acquisition II Corp. (MBAC). The new loans feature a favorable interest rate at SOFR plus 4.25%, extending maturity to 2029, and were oversubscribed by 2.1 times. Following the merger, Syniverse's gross debt is expected to be reduced by half, enhancing financial flexibility and supporting growth. The definitive proxy statement for the merger has been mailed to MBAC shareholders, with a vote scheduled for February 9, 2022.
Syniverse has partnered with Verizon to implement the Evolved Mobility solution, enhancing Verizon's international roaming capabilities. This solution allows inbound roamers with non-VoLTE devices to connect seamlessly to Verizon's network, expanding their potential market. Verizon expects increased roaming revenues as they onboard new international mobile operators. The ongoing merger with M3-Brigade Acquisition II Corp is set to finalize soon, enabling Syniverse to trade under the ticker SYNV on the NYSE.
Syniverse has introduced its Evolved Mobility platform in collaboration with AT&T, allowing 3G-to-VoLTE interworking to maintain inbound voice roaming as AT&T retires its 3G network on February 22, 2022. This solution enhances customer experience by ensuring seamless connectivity for users lacking VoLTE support. The transition frees up spectrum for increased 4G and 5G demands. Syniverse plans to go public through a merger with M3-Brigade Acquisition II Corp. (MBAC), with shareholder approval set for February 9, 2022, aiming for future innovations in mobile technology.
Syniverse Holdings reported a strong fiscal Q4 2021, with revenue increasing by 16% to $193 million. Enterprise revenue soared 50% to $89 million, reflecting a growing trend in mobile messaging and 5G. For the full fiscal year 2021, revenue rose 12% to $733 million, marking the largest increase since 2013. The company raised its fiscal 2022 revenue forecast by 10% to a range of $840 million to $875 million, alongside a 2% increase in adjusted EBITDA forecast. Syniverse anticipates continued growth fueled by increasing enterprise revenue and market demand for mobile solutions.
Apteco partners with Syniverse to integrate the WhatsApp Business API for enterprises in Europe, enhancing customer engagement. This collaboration allows businesses to manage personalized messaging at scale, leveraging WhatsApp's vast user base of over 2 billion. The integration with Apteco's PeopleStage campaign software enables seamless orchestration across multiple channels, including SMS and Mobile Wallet. Syniverse is set to go public via a merger with MBAC, with a shareholder meeting scheduled for February 9, 2022.
Syniverse has released video podcasts highlighting opportunities from 5G and messaging, led by its Carrier and Enterprise segment Presidents, John McRae and Chris Rivera. The VP of Investor Relations, Stanley Martinez, shared insights from investor Q&A at the Barclays Global Technology Conference. This content is available on the M3-Brigade Acquisition II Corp. (MBAC) investor relations website. Syniverse is set to go public via a merger with MBAC, listing under ticker 'SYNV' on the NYSE. More information regarding the merger can be found in the forthcoming proxy statements.
Syniverse Corporation, a leading mobile technology provider, announced its participation in two key investor conferences in December 2021. CEO Andrew Davies will speak at the Wells Fargo Virtual TMT Summit on December 2 at 11:20 EST. CFO Simeon Irvine will present at the Barclays Global Technology, Media, and Telecommunications Conference on December 7 at 14:25 EST. Syniverse is set to go public through a merger with M3-Brigade Acquisition II Corp (NYSE: MBAC), with plans for Syniverse to be listed under the ticker “SYNV” upon transaction closure.
