Press Releases

Press Release

London, 15th January 2010

3 Scandinavia Selects Nextgen Clearing to perform Financial Clearing and Settlement for their GSM business.

3 Scandinavia, after a very detailed evaluation of all the clearing providers in the market have decided to change from their existing provider to Nextgen Clearing and has signed an agreement with Nextgen Clearing for financial clearing and settlement services for all their International Roaming Agreements.

Head of Carrier Services, 3 Scandinavia, Anneli Jennersjö Lundberg said "we are pleased to join Nextgen's Financial Clearing and Settlements Platform. Our extensive evaluation has shown that Nextgen Clearing is able to provide the services which we require with the growing demands of our International Roaming business and we look forward to a long and mutually beneficial co-operation with them."

"We are delighted to have signed this agreement with 3 Scandinavia. This is a great win for Nextgen Clearing as 3 Scandinavia have selected Nextgen Clearing after very comprehensive review of the market.  3 Scandinavia is not new to the concept of outsourcing as they have been using this service from another supplier for a number of years. They have decided to switch to Nextgen Clearing and we are pleased to have such a well respected operator join our service." said Kirit Ruparelia, Chairman and CEO at Nextgen Clearing.

About 3 Scandinavia

As a part of the global 3 group, 3 Scandinavia is Sweden and Denmark's leading provider of 3G and Mobile Broadband services with more than 1,5 million customers. The company also holds a license to operate in Norway. 3 Scandinavia is a joint venture between Hutchison Whampoa Ltd in Hong Kong (60 %) and Investor AB in Stockholm (40 %). For more information, please se www.tre.se or www.three.com .


About Nextgen Clearing

Nextgen Clearing is an independent financial clearing house founded by a highly experienced team drawn from the mobile roaming and financial services industries. The clearing process and system which Nextgen Clearing has developed has resulted from close consultation with roaming and finance management teams from the operator community and sets new standards in roaming settlement. The Nextgen Clearing service has been designed to bridge the ever-increasing gap between the technicalities of roaming and the requirements of the finance function.

For more information, contact info@nextgenclearing.com

Kirit Ruparelia

Chairman & CEO

Nextgen Clearing Ltd

28 Britton Street, London EC1M 5UE

United Kingdom

www.nextgenclearing.com

Tel: +44 20 7331 6642

Fax: +44 20 7331 6644


 

Press Release

London, 12 October 2009

NewCore Selects Nextgen Clearing to perform Financial Clearing and Settlement for their GSM business.

NewCore Wireless is about to launch a GSM service in the U.S. market. After an extensive and detailed evaluation of all providers of financial clearing for mobile operators, they have signed an agreement with Nextgen Clearing as their provider of GSM financial clearing and settlement services for all their Roaming Agreements.

Kirit Ruparelia, Chairman & CEO of Nextgen Clearing, said: "I am absolutely delighted to welcome NewCore Wireless as a customer, and that NewCore Wireless has chosen the Nextgen Clearing's forward-thinking approach to Financial Clearing and Settlement Services. I look forward to providing the group with the continuous, top-quality service that our clients expect."

About NewCore Wireless

NewCore Wireless provides a fully featured 2G/3G wireless voice and data switching solution with a clear migration path towards future services and technologies.

About Nextgen Clearing

Nextgen Clearing is an independent financial clearing house founded by a highly experienced team drawn from the mobile roaming and financial services industries. The clearing process and system which Nextgen Clearing has developed has resulted from close consultation with roaming and finance management teams from the operator community and sets new standards in roaming settlement. The Nextgen Clearing service has been designed to bridge the ever-increasing gap between the technicalities of roaming and the requirements of the finance function.

For more information, contact info@nextgenclearing.com

Kirit Ruparelia

Chairman & CEO

Nextgen Clearing Ltd

28 Britton Street, London EC1M 5UE

United Kingdom

www.nextgenclearing.com

Tel: +44 20 7331 6642

Fax: +44 20 7331 6644

Nextgen Americas

3731 Loveland Terrace

Suite 12

Atlanta, GA 30341

Tel: +14044299994

Brody.bryant@nextgenclearing.com


Press Release

London, 26 January 2009

Proximity Wireless Inc selects Nextgen Clearing to perform Financial Clearing and Settlement for their GSM business

Proximity Mobility LLC, a wireless telecommunications service company, is about to launch a GSM service in the US market. After an extensive and detailed evaluation of all providers of clearing for mobile operators, Proximity has signed an agreement with Nextgen Clearing as their provider of GSM financial clearing and settlement services for all their Roaming Agreements.

Chuck McDonough, CTO, of Proximity said “We are excited about working with Nextgen in our new GSM venture: we believe that Nextgen Clearing has the best level of expertise and has shown it is capable of understanding the key aspects of launching a new GSM network and Nextgen Clearing’s commercial flexibility is exactly what we need as we establish ourselves as a new GSM carrier.”

Kirit Ruparelia, Chairman & CEO of Nextgen Clearing said, “I am absolutely delighted to welcome Proximity as a customer, and that Proximity has chosen the Nextgen Clearing forward-thinking approach to Financial Clearing and Settlement Services. I look forward to providing the group with the continuous top-quality service that our clients expect, and thank Proximity for helping us further our presence in the USA.”

Don Davis, CFO of Proximity, added: "We are pleased to partner with Nextgen Clearing and to add their new Financial Clearing and Settlement Platform to our business. Our evaluation has shown that the Nextgen Clearing team are willing and able to provide the customer service required to meet the growing demands of a new business, and that they have complete empathy with us."

About Proximity Wireless

Proximity Mobility LLC is an emerging provider of converged telecommunications packages offering innovative, powerful and complete communications solutions including IP connectivity to business customers through nationwide roaming agreements. These complete communications solutions include wireless, high-speed Internet access, enhanced features, equipment and more - all designed to improve communications and customized to meet individual needs and budgets. In addition to award-winning services, Proximity delivers a consultative sales approach and first-class customer service, backed by a knowledgeable management team with over 100 years of telecommunications experience.

About Nextgen Clearing

Nextgen Clearing is an independent financial clearing house founded by a highly experienced team drawn from the mobile roaming and financial services industries. The clearing process and system which Nextgen Clearing has developed has resulted from close consultation with roaming and finance management teams from the operator community and sets new standards in roaming settlement. The Nextgen Clearing service has been designed to bridge the ever-increasing gap between the technicalities of roaming and the requirements of the finance function.

For more information, contact info@nextgenclearing.com

Kirit Ruparelia

Chairman & CEO

Nextgen Clearing Ltd

28 Britton Street, London EC1M 5UE

United Kingdom

www.nextgenclearing.com

Tel: +44 20 7331 6642

Fax: +44 20 7331 6644

Proximity Mobility LLC

5410 Mariner Street

Suite 175

Tampa, FL USA

Tel: +1 81 3579 1000

Fax: +1 81 3579 1005


Press Release

London, 26 January 2009

Proximity Wireless Inc CDMA Mobile Services selects Nextgen Clearing for CIBER Financial Clearing and Settlement

Proximity Communications, a US telecoms company, has signed an agreement with Nextgen Clearing for the provision of CDMA financial clearing and settlement services for all their CIBER-record based Roaming Agreements.

Chuck McDonough, CTO of Proximity said “We are pleased that Nextgen Clearing has entered the market with their offering, which increases choice and also uses the benefits of their platform and expertise to make life easier for carriers.”

“Nextgen is pleased to have been selected as the CDMA financial clearing house for Proximity. This is a great win for us as Proximity selected Nextgen Clearing after reviewing our solution and our personalized relationship management approach. Proximity’s executives are well versed in to the concept of CIBER settlement, as they have been operating this type of settlement for a few years.

Some key factors for selection were service levels and the competitive pricing. We are especially pleased to have an Operator with such experience join our service.” - said Kirit Ruparelia, Chairman and CEO at Nextgen Clearing.

About Proximity Wireless

Proximity Mobility LLC is an emerging provider of converged telecommunications packages offering of innovative, powerful and complete communications solutions including IP connectivity to business customers through nationwide roaming agreements. These complete communications solutions include wireless, high-speed Internet access, enhanced features, equipment and more - all designed to improve communications and customized to meet individual needs and budgets. In addition to award-winning services, Proximity delivers a consultative sales approach and first-class customer service, backed by a knowledgeable management team with over 100 years of telecommunications experience.

About Nextgen Clearing

Nextgen Clearing is an independent financial clearing house founded by a highly experienced team drawn from the mobile roaming and financial services industries. The clearing process and system which Nextgen Clearing has developed has resulted from close consultation with roaming and finance management teams from the operator community and sets new standards in roaming settlement. The Nextgen Clearing service has been designed to bridge the ever-increasing gap between the technicalities of roaming and the requirements of the finance function.

For more information please contact info@nextgenclearing.com

Kirit Ruparelia

Chairman & CEO

Nextgen Clearing Ltd

28 Britton Street, London EC1M 5UE

United Kingdom

www.nextgenclearing.com

Tel: +44 20 7331 6642

Fax: +44 20 7331 6644

Proximity Mobility LLC

5410 Mariner Street

Suite 175

Tampa, FL USA

Tel: +1 81 3579 1000

Fax: +1 81 3579 1005


Press Release

London, 21 January 2009

Nextgen Clearing Launches CDMA and TDMA financial net settlement program providing an alternative to the existing duopoly in the market.

Nextgen Clearing ANSI-Clear™ is the name of the new service, designed to give carriers more choice with an alternative to the MACH–CIBERNET financial net settlement service. ANSI-Clear™ enables mobile CDMA and TDMA carriers to cost-efficiently settle their roaming payables and receivables.

The benefits of the Nextgen Clearing CDMA and TDMA clearing service:

• Leveraging the established Nextgen Clearing GSM platform and process we are able to offer carriers a cost-efficient solution for CDMA and TDMA financial net settlement which will reduce operational expense

• Nextgen Clearing is the only supplier which is independent of any data clearing house and which provides this type of service. This means that carriers can be safe in the knowledge that there is another party checking the work of their data clearing providers. This gives peace of mind for the carriers - who are increasingly under pressure to satisfy regulators of the integrity of their financial controls

• Nextgen Clearing’s entrance into the market offers carriers an alternative to the two main current providers of a net settlement service. Now carriers can take better control of the cost of their settlement charges including the cost of the CIBER licence.

ANSI-Clear™ enables:

  • One-stop reporting for both TDMA/CDMA and GSM net settlement for those companies that operate in both TDMA/CDMA and GSM environments
  • Competitive Foreign Exchange for US carriers that have roaming relationships with operators outside of the USA
  • Banking fees are controlled and contained as Nextgen Clearing already benefits from an efficient banking and transaction system.

About Nextgen Clearing

Nextgen Clearing is an independent financial clearing house founded by a highly experienced team drawn from the mobile roaming and financial services industries.

The clearing process and system which Nextgen Clearing has developed has resulted from close consultation with roaming and finance management teams from the operator community and sets new standards in roaming settlement. The Nextgen Clearing service has been designed to bridge the ever-increasing gap between the technicalities of roaming and the requirements of the finance function.

For more information please contact info@nextgenclearing.com

Kirit Ruparelia

Chairman & CEO

Nextgen Clearing Ltd

28 Britton Street, London EC1M 5UE

United Kingdom

www.nextgenclearing.com

Tel: +44 20 7331 6642

Fax: +44 20 7331 6644


London, 11 December 2008

Astelit LLC in the Ukraine - mobile services operator life:) - switches its Clearing House to Nextgen Clearing for Financial Clearing Services

After an extensive and detailed evaluation of all the clearing providers, Astelit / life:) in the Ukraine has signed an agreement with Nextgen Clearing to change their provider of financial clearing and settlement services for all their International Roaming Agreements.

Mehmet Gokhan Koc, Manager of VAS & Partnership Division of life:), said: "We are pleased to partner with Nextgen Clearing and add their new Financial Clearing and Settlements Platform to our business. Our evaluation has shown that Nextgen Clearing is able to provide the services required to meet the growing demands of our International Roaming business."

"We are delighted to have signed this agreement with Astelit. This is a great win for us as Astelit selected Nextgen Clearing after one of the most comprehensive reviews of the market in which we have been asked to take part. Astelit are not new to the concept of outsourcing as they have been using this service from another supplier for a number of years so we are especially pleased to have such a well respected operator join our service," - said Kirit Ruparelia, Chairman and CEO at Nextgen Clearing.

About Astelit / life:)

The national mobile services operator life:) is the leading operator on the market in terms of new customers acquisition, serving 10,7 million subscribers (as of Q3 2008). life:) network covers the territory where 93,7% of population lives. life:) provides roaming opportunities in 168 countries via 411 roaming partners. The operator was the first in the market to introduce EDGE technology and today life:) offers large EDGE coverage - 64,6% of the current network's sites support EDGE. life:) offers high quality mobile services for all segments of the Ukrainian society. Currently the rational expenses for mobile communications are of great significance to any subscriber. life:) offers its customers beneficial and transparent tariffs which grant freedom of communication and make the communication expenses predictable. 458 life:) customer care centers and exclusive sales points operate in 178 cities of the country. In addition to that, life:) subscribers can order life:) services through 34,600 non-exclusive shops.

About Nextgen Clearing

Nextgen Clearing is an independent financial clearing house founded by a highly experienced team drawn from the mobile roaming and financial services industries. The clearing process and system which Nextgen Clearing has developed has resulted from close consultation with roaming and finance management teams from the operator community and sets new standards in roaming settlement. The Nextgen Clearing service has been designed to bridge the ever-increasing gap between the technicalities of roaming and the requirements of the finance function.

For more information please contact info@nextgenclearing.com

Kirit Ruparelia

Chairman & CEO

Nextgen Clearing Ltd

28 Britton Street, London EC1M 5UE

United Kingdom

www.nextgenclearing.com

Tel: +44 20 7331 6642

Fax: +44 20 7331 6644

Copyright ©2009 Nextgen Clearing Ltd. All Rights Reserved.