Subex touches roof on securing contract from leading telecom operator in Netherlands
Subex is currently trading at upper limit of Rs. 13.17, up by 1.19 points or 9.93% from its previous closing of Rs. 11.98 on the BSE.
The scrip opened at Rs. 12.13 and has touched a high and low of Rs. 13.17 and Rs. 12.13 respectively. So far 1068379 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 27.70 on 08-Nov-2024 and a 52 week low of Rs. 10.57 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 13.17 and Rs. 11.91 respectively. The current market cap of the company is Rs. 740.16 crore.
The Institutions and Non-Institutions held 0.78% and 99.21% stake in the company respectively.
Leading Telecom Operator in Netherlands has selected Subex to deliver a single, converged platform for MVNO billing and wholesale partner settlement, extending an existing relationship across Routing, Interconnect, OTT, SMS, DCB, and Wholebuy Billing. The engagement includes end-to-end managed services, hosted from Subex’s UK datacenter. The deal is worth of $6.62 million and spans a period of 6 years, with an option to extend for an additional 2 years with an upward revision of commercials.
The operator maintains a nationally significant wholesale footprint that enables multiple MVNOs to leverage high-speed mobile infrastructure. As part of its strategy, it is expanding its national network coverage with high-speed broadband and leveraging wholesale products to enhance service delivery and drive operational efficiency across its footprint.
The program will converge billing and settlement under 100% Managed Services and Business Operations, designed to drive substantial efficiency. The program aims to consolidate wholesale products into a single billing, rating, and reporting platform, improving efficiency and consistency while achieving a significant cost reduction, all the while maintaining the 99% SLA compliance standards that have been a hallmark of the Connect business.
Subex offers a wide range of solutions namely Revenue Assurance, Fraud Management, Credit Risk Management, Interconnect Billing, Interparty Management, Route Optimization and Cost Management.
