Think it might pay to have a few of these.

Jim Mellon knows a bargain when he sees it.

Restructuring would leave it on a very lowly P/E and in my opinion one for the future. Present price circa of 33p.

This RNS makes for interesting reading.

Billing Services Group Limited
02 April 2007


Not for release, publication or distribution, in whole or in part, in, into or
from the United States, Canada, Ireland, Australia or Japan, or any other
jurisdiction where to do so would constitute a violation of the relevant laws of
such jurisdiction.

2 April 2007

Billing Services Group Limited
('BSG' or the 'Company')

Proposed: Disposal of Wireless Business for $290m in cash; $105m underwritten
Refinancing of continuing Wireline Business; and one-time cash payment to
Shareholders

BSG, one of the telecommunications industry's leading clearing and settlement,
payment and financial risk management solutions groups, today announces:

the proposed sale of its European Wireless Business to Syniverse
Technologies, Inc. ('Syniverse') for $290 million in cash;
a $105m refinancing of its continuing Wireline Business resulting in a
lower debt-to-EBITDA ratio than that of the current BSG Group, with an
underwritten facility through Morgan Stanley Senior Funding, Inc.;
upon Completion the Company will repay its existing debt facilities of
approximately $250m;
Shareholders to receive a one-time cash payment of between 20 to 22
pence per Common Share, subject to completion of the transactions;
future strategic focus to be on its cash-generative, market-dominant
North American Wireline Business, which accounted for approximately 60% of
the group's 2006 pro-forma EBITDA;
the intention to initiate regular payments of dividends from the highly
profitable Wireline Business;
the ongoing business will also continue -
o the current expansion into financial payment services; and
o to benefit from already established, increasing cost efficiencies; and
the Board has received financial advice in relation to the Disposal from
Morgan Stanley.

Commenting on developments, Randall Brouckman, Chief Executive Officer of BSG
said:

'I am delighted to report today better than expected financial and operating
results, the conclusion of our strategic review, the refocusing of our business
through the proposed disposal of our Wireless operations and the payment of a
one-time cash payment to shareholders.

'Today's developments and separately released financial results clearly
demonstrate the value in our Wireless business and the highly cash generative
nature of our Wireline business. These transactions enable us to maximise
shareholder value through both the positive return for shareholders while
maintaining a basis for future growth.

'Subject to the necessary approvals, we can now concentrate attention on growing
our Wireline business as we seek to create further value for shareholders from
growth through a more targeted and financially unencumbered business and the
regular payment of dividends.'

ENQUIRIES

Billing Services Group Limited +44 (0)20 7071 4300
Randall W. Brouckman, CEO (for 2 April 2007 only)
Norman M. Phipps, CFO



DYOR.

Good contract win....

Billing Services Group Limited
23 July 2007



NEWS RELEASE

Contacts:
Julian Walker - Investor relations
The Hogarth Partnership
+44 (0)20 7357 9477

jwalker@hogarthpr.co.uk

Erin Brennan Gilmore
Blanc & Otus Public Relations - US media relations
+1 512 372 6653

ebgilmore@blancandotus.com


Golden Telecom selects BSG Clearing Solutions for Financial Clearing Services

LONDON - July 23, 2007 - BSG Clearing Solutions, (BSG), a subsidiary of Billing
Services Group Limited (AIM:BILL), the telecom industry's clearing and
settlement provider, today announced a new multi-year agreement with the
Ukraine's Golden Telecom to deliver international roaming financial clearing
services.

Under the agreement, BSG will manage financial clearing and settlement for its
network of more than 160 international roaming partners covering 90 countries;
including determining operators' net cash positions and transacting the foreign
exchange of funds across various currencies. Golden Telecom will be taking
advantage of the comprehensive reporting tools the financial clearing service
gives them in addition to pro-active debt management which has an efficient,
cost effective reputation throughout the industry. Golden Telecom has
experienced a number of FC support issues in the past years that were proving
difficult to solve. BSG has demonstrated the ability to clear up the historical
issues with many clients while providing a higher quality of service.

Konstantin Trofimov, head of international roaming, Golden Telecom commented,
'We are pleased to establish an agreement with BSG as our financial
clearinghouse supplier and we are confident that BSG will support us in our
clearing processes. With BSG's excellent reporting tools, we will have all the
visibility we need to maintain a certain level control.'

Atul Devani, chief executive officer of BSG wireless said, 'This is another
demonstration of our ability to consistently win new business. Our high level of
quality, support and customer service, in addition to our robust product
offerings, continues to differentiate BSG as the industry leader.'


About BSG Clearing Solutions
BSG Clearing Solutions is a leading global provider of clearing and settlement,
payment services, and financial risk management solutions for communications
service providers. The company processes over 20 billion transactions annually
for 750 of the world's largest communications companies throughout North
America, Europe and Asia. With a ubiquitous, scalable platform and an extensive
portfolio of clearinghouse services for fixed-line, wireless, Wi-Fi, and
broadband networks, BSG monetizes network transactions by facilitating the
financial exchange of its customers' services. BSG meets the needs of today's
complex network interconnections and anticipates the requirements of converging
technologies, allowing for rapid and reliable deployment. BSG Clearing Solutions
is an operating subsidiary of Billing Services Group Limited, which is publicly
traded on the London Stock Exchange (AIM) under the ticker symbol BILL. For
more information, visit
www.bsgclearing.com
.

About Golden Telecom
Golden Telecom LLC (Ukraine, hereinafter 'Golden Telecom' or 'The Company') is a
division of Golden Telecom Inc. (NASDAQ: GLDN) - a leading facilities-based
provider of integrated telecommunications services for businesses and other
high-usage customers and telecommunications operators. Golden Telecom started
its operations in Ukraine in 1996. The ompany provides complex telecommunication
and Internet services in the biggest cities in Ukraine (Kyiv, Odesa, Lviv,
Dnipropetrovs'k, Zaporizhzhya and Kharkiv). Golden Telecom (Ukraine) develops
the following lines of business: local, intercity and international telephony,
data services, Internet services - dedicated internet for corporate clients and
dial-up access for wide consumer segment (Svit Online brand), GSM-1800 mobile
services (in Kyiv and Odesa). The company is focused on four business
directions: services for corporate and business customers (BCS), network and
carrier services (COS), Internet access for private customers and cellular
services.






This information is provided by RNS
The company news service from the London Stock Exchange

interesting mention in the Sunday Times yesterday with a strong buy recommendation.

I do not hold.

WDIK, PDYOR.

camlad

Hi GF.
After the Merryn article in the Sunday times, it`s chocks away this morning.
It does indeed look to have an interesting future so why miss out, I hold as from today.
If the proposed special dividend ever comes to pass at 20 22p per share, it will about pay for my initial stake.
All the best.
Pip.

Winnie says Evil K as gone long today aswell. (should have tipped it in his diary on t1ps)

looks like we could get some momentum behind this one.

Anyone got the Times article?, seen it somwhere but forgotten.

Expansion of contract...

NEWS RELEASE

Contacts:
Julian Walker - Investor relations
The Hogarth Partnership
+44 (0)20 7357 9477

jwalker@hogarthpr.co.uk

Erin Brennan
Blanc & Otus Public Relations - US media relations
+1 512 372 6653

ebrennan@blancandotus.com


Telstra Expands Contract with BSG

HONG KONG - July 31, 2007 - BSG Clearing Solutions, (BSG) a subsidiary of
Billing Services Group Limited (AIM:BILL), the telecom industry's global
clearing and settlement provider, today announced the expansion of its
contracted services with Telstra, Australia's principal telecommunications
company.

Under the agreement, BSG will provide data clearing services for Telstra which
is in addition to the financial clearing services already provided by BSG.

Atul Devani, CEO of BSG's wireless services commented, 'We are delighted to
expand our relationship with Telstra. This contract is a testament to the
quality of our working relationship and we look forward to continuing to serve
them.'

About BSG Clearing Solutions
BSG Clearing Solutions is a leading global provider of clearing and settlement,
payment services, and financial risk management solutions for communications
service providers. The company processes over 20 billion transactions annually
for 750 of the world's largest communications companies throughout North
America, Europe and Asia. With a ubiquitous, scalable platform and an extensive
portfolio of clearinghouse services for fixed-line, wireless, Wi-Fi, and
broadband networks, BSG monetizes network transactions by facilitating the
financial exchange of its customers' services. BSG meets the needs of today's
complex network interconnections and anticipates the requirements of converging
technologies, allowing for rapid and reliable deployment. BSG Clearing Solutions
is an operating subsidiary of Billing Services Group Limited, which is publicly
traded on the London Stock Exchange (AIM) under the ticker symbol BILL. For more
information, visit
www.bsgclearing.com
.

About Telstra Corporation Limited
Telstra is Australia's leading telecommunications and information services
company, with one of the best known brands in the country. They offer a full
range of services and compete in all telecommunications markets throughout
Australia, providing more than 9.86 million Australian fixed line and more than
8.9 million mobile services. Telstra provides integrated telecommunications
services throughout Australia's vast geographical area through both fixed and
mobile network infrastructure. This network and systems infrastructure underpins
the carriage and termination of the majority of Australia's domestic and
international voice and data telephony traffic. For more information, visit

www.telstra.com
.

talks extended..

EU inquiry deadline for Syniverse buy of BSG wireless unit extended to Dec 14
AFX


BRUSSELS (Thomson Financial) - The European Commission said the deadline for its inquiry into Syniverse Holdings Inc's proposed acquisition of Billing Services Group Ltd's (BSG) wireless business is extended to Dec 14.

The original deadline was November 16.

The commission extends inquiries by 20 working days following requests received by the parties within a period of 15 working days after the launch of an in-depth inquiry.

In mid-July, the commission said its initial market investigation revealed that the proposed merger would raise 'serious doubts' as to its compatibility with the single market due to the two companies' horizontal overlaps in the market for GSM roaming data clearing services. The commission said the activities of Syniverse and BSG Group's wireless business only overlap in that markert. These services act as clearing houses between mobile network operators, allowing billing for, and therefore facilitating roaming by, end users.

Syniverse is a global provider of technology services to wireless telecommunications companies.

BSG Group is a global provider of payment processing, data clearing, financial settlement and risk management solutions for fixed-line and wireless communication service providers.



simon.zekaria@thomson.com

sz/ejp

Another deal...

Billing Services in data, financial clearing services deal with Cable & Wireless
AFX


LONDON (Thomson Financial) - Payment services provider Billing Services Group Ltd said its unit BSG Clearing Solutions has agreed to provide data and financial clearing services to Cable & Wireless Panama's 275 roaming partners around the globe.

No financial details were disclosed.

Another contract win....

Billing Services unit wins new contract with Bangladesh's Warid Telecom
AFX


LONDON (Thomson Financial) - Billing Services Group Ltd said its clearing and settlement unit has won a new contract with Warid Telecom in Bangladesh to manage data clearing for the company, with options for value-added services.

The company said its BSG Clearing Solutions unit's new contract is its fifth contract win in the Asia Pacific region over the past six months.

Warid Telecom said it expects the new contract to increase its operational efficiencies and therefore significantly improve its bottom line.

TFN.newsdesk@thomson.com

ukn/ms1



COPYRIGHT



Copyright AFX News Limited 2007. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

????

Ex the 20p divi today, so far from the disaster it looks.

Dividend and reduced debt, then where to from here ?

Similarly, another old favourite of this column, Billing Services (BILL), remains a strong buy at 24p with all to play for. I was of course slightly disappointed by management's cashing in some of their stock options a few weeks' back but they have got to eat and it is only we sated ones who can sympathise and hold very tight. The target on a best case basis remains 100p and more. There seems to be very little downside.
www.uk-analyst.com

EK's opinion.

Another one published on Saturday...My attention has been drawn to the new website for Billing Services Group (BILL). This shows how BILL2PHONE works. In the meantime, keep buying BILL at 25p...www.uk-analyst.com