Subex zooms on securing contract from European open-access fibre operator
Subex is currently trading at Rs. 18.79, up by 1.70 points or 9.95% from its previous closing of Rs. 17.09 on the BSE.
The scrip opened at Rs. 17.20 and has touched a high and low of Rs. 19.40 and Rs. 17.13 respectively. So far 2846275 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 19.40 on 21-Aug-2026 and a 52 week low of Rs. 6.63 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 19.40 and Rs. 13.85 respectively. The current market cap of the company is Rs. 1062.19 crore.
The Institutions and Non-Institutions held 0.59% and 99.41% stake in the company respectively.
Subex has secured a new-logo engagement with a major European open-access fibre operator, marking a further step in its continued expansion across the region. Under the three-year agreement, the company will deploy its Partner Ecosystem Management solution as a fully hosted and managed service. The engagement includes end-to-end operations, professional services, and ongoing support, enabling the operator to manage complex settlement processes without maintaining internal systems. The deal is worth 0.6 million euro.
The solution will support the operator in managing an expanding ecosystem of wholesale business ensuring greater operational efficiency, scalability, and accuracy as network complexity increases. The win further strengthens the company’s position in the European wholesale markets and reinforces its track record of enabling operators to manage complex partner ecosystems through managed, outcome-led engagement models.
