Twilio invests $750 million into Syniverse

Communications platform Twilio has become a significant minority owner of telecoms transaction processor Syniverse with a $750 million investment, which it describes as a strategic partnership.
Syniverse concurrently raised $1.025 billion in new term loan debt and $340 million in new preferred equity, the proceeds of which were primarily used to reduce leverage and were apparently required under the terms of the transaction with Twilio.
Syniverse says will benefit from Twilio’s experience