StockMarketWire.com - Telecommunications clearing group Billing Services said it had entered into a conditional agreement to sell its subsidiary, BSG Wireless, to Single Digits Connection for about $5.23m.

The company said it would seek shareholder approval for the sale at a special general meeting on 19 February.

The proceeds receivable by the company from the disposal were expected to be around $4.3m.

Following completion of the sale, the company would make a cash distribution to shareholders in the first quarter of 2020.

The form of the distribution was yet to be determined, it added.

At 8:59am: [LON:BILL] Billing Services Group Ltd share price was +1.15p at 3.05p



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