Subex surges on inking deal with leading telecom operator in Southeast Asia
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Subex is currently trading at Rs. 36.82, up by 0.59 points or 1.63% from its previous closing of Rs. 36.23 on the BSE.
The scrip opened at Rs. 37.90 and has touched a high and low of Rs. 38.00 and Rs. 36.61 respectively. So far 324956 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 45.80 on 07-Feb-2024 and a 52 week low of Rs. 25.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 38.00 and Rs. 34.64 respectively. The current market cap of the company is Rs. 2036.14 crore.
The Institutions and Non-Institutions held 1.42% and 98.58% stake respectively in the company.
Subex has won a deal with a leading telecom operator in Southeast Asia. This deal involves the deployment of Subex's state-of-the-art Business Assurance and Fraud Management solutions on HyperSense. This significant development continues the over two-decade-long alliance between Subex and the operator, building on the successful implementation of ROC Revenue Assurance and Fraud Management systems.
The operator aims to be a future-fit, leading telecom tech company at the forefront of digitalization in the region, and the partnership with Subex will help move them closer to that vision. They aim to leverage partnerships with cutting-edge technology vendors to deliver high-quality connectivity and enterprise solutions in the era of 5G, AI, and IoT.
This initiative is set to revolutionize the operator’s approach to Business Assurance and Fraud Management. By leveraging the advanced features of Subex's AI-based solutions, the operator aims to significantly enhance its assurance capabilities, cater to a wider spectrum of risks, and enhance operational maturity. This forward-thinking move is designed to proactively address both current and future risks, especially those emerging in the dynamic and technologically advanced landscape of the 5G era, allowing the operator to innovate rapidly and stimulate growth in region’s digital ecosystem.
Subex offers a wide range of solutions namely Revenue Assurance, Fraud Management, Credit Risk Management, Interconnect Billing, Interparty Management, Route Optimization and Cost Management.
