What wasn't known at the time was exactly how large Twilio's investment would be, as it was previously pitched as 'up to' $750 million. "This transaction provides Syniverse with the enhanced liquidity and financial flexibility that will enable us to accelerate investment in innovation, product quality, and breadth to benefit our enterprise and carrier customers around the world," noted Syniverse's CEO Andrew Davies. "Our partnership with Twilio, combined with our enhanced balance sheet following this new infusion of capital, leaves us well positioned to more effectively monetize the 5G and CPaaS revolutions, deepen our engagement with our customers across key industry verticals and create long-term value and opportunity for all our stakeholders." Carlyle remains as the majority stakeholder in Syniverse. Read more. The GSMA urged business leaders and policymakers to address issues stemming from what it deems as unequal financial returns along the Internet value chain.