Saudi Telecom Chooses Syniverse Technologies for GSM Clearinghouse and GRX Services.

CANNES, France -- News Summary: Syniverse enters Middle East region by securing contracts with Saudi Telecom.

Syniverse Technologies (NYSE:SVR), a leading provider of mission-critical technology services to wireless telecommunications companies worldwide, announced today it has secured a contract to provide wireless clearinghouse and GRX (GPRS Roaming Exchange) services to Saudi Telecom, the main incumbent telecommunications provider in Saudi Arabia.

As Saudi Telecom's designated wireless data clearinghouse, Syniverse will act as the authorized receipt point for the exchange of billing data between Saudi Telecom and its roaming partners. Syniverse is a global provider of CDMA clearing, and the largest GSM clearinghouse in the USA, with major contracts in Asia Pacific, Latin America and recently in Europe. The company's ACCESS S&E GSM clearinghouse service provides streamlined processing of roamer billing data, a single source of information regarding roaming customers and calculation of net financial position with roaming partners. The service also simplifies the exchange of data among roaming partners by converting industry-standard file specifications - TAP 1, TAP 2/2+, NA TAP 2, TAP 3 and CIBER.

Syniverse's GRX network solution provides the interconnection infrastructure to allow Saudi Telecom to connect to its roaming partners to provide seamless GPRS (General Packet Radio Service) mobile data services for its subscribers and provide data services for subscribers roaming in Saudi Telecom's markets. Syniverse is the GRX provider for all major North American GSM operators and also provides GRX services in Asia-Pacific and Latin America.

"The Kingdom of Saudi Arabia is a promising market for GSM and 3G mobile telecommunications services," said Eugene Bergen Henegouwen, Syniverse managing director for Europe and the Middle East. "We are pleased to participate in the growth of this dynamic marketplace by providing wireless data clearinghouse and GRX services to Saudi Telecom. This represents another positive step forward in executing our long-term strategy to work with telecommunications providers on a global basis."

Syniverse Technologies opened its European headquarters in Utrecht, The Netherlands in February 2003, and since then has secured contracts with leading mobile operators in France, China, Brazil, Italy, Saudi Arabia and India.

About Syniverse

Syniverse is a leading provider of mission-critical technology services to wireless telecommunications companies worldwide. Syniverse solutions simplify technology complexities by integrating disparate carriers' systems and networks in order to provide seamless global voice and data communications to wireless subscribers. Carriers depend on Syniverse's integrated suite of services to solve their most complex technology challenges and to facilitate the rapid deployment of next generation wireless services. Syniverse provides services to over 300 telecommunications carriers in approximately 40 countries, including the ten largest U.S. wireless carriers and six of the ten largest international wireless carriers. Headquartered in Tampa, Fla., U.S.A., with offices in major cities throughout North America and in The Netherlands, Syniverse has a global sales force in London, Luxembourg, Rome, Beijing, Hong Kong, Rio de Janeiro and Belo Horizonte. For more information, visit www.syniverse.com

Cautions about Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements regarding the Company's plans, intentions and expectations. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. Given these concerns, investors and analysts should not place undue reliance on forward-looking statements. This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements regarding the Company's plans, intentions and expectations. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. Given these concerns, investors and analysts should not place undue reliance on forward-looking statements.