Carlyle buys Syniverse Technologies for $2.6 billion

NEW YORK: US private-equity fund Carlyle Group will buy Syniverse Technologies, a global telecommunications service provider, for 2.6 billion dollars in cash, the companies said Thursday.

Syniverse shareholders will receive 31 dollars a share, a 35 percent premium over Syniverse's average closing price over the past 30 trading days.

The transaction was expected to be completed by March 31, following shareholder and regulatory approval, and Syniverse will be withdrawn from public trading.

The Florida-based Syniverse, a leading services provider in the mobile telecom sector, has clients in more than 160 countries, including mobile operators, cable and Internet providers, and companies.

Shares in Syniverse soared 28.63 percent to 30.60 dollars in morning trade in New York.

The announcement came a day after The Carlyle Group said it would buy communications networks company CommScope for 3.9 billion dollars in cash.