2 hrs ago
Subex Shares Hit 52-Week High After $5 Million Deal
Subex is a technology company that helps telecom operators manage their businesses.
It won a contract worth US$5 million, or nearly Rs 48 crore.
The customer is a telecom operator whose name was not given.
Subex will provide tools to manage the operator’s partners and wholesale services.
These services include voice, messaging, data, 5G and Internet of Things partnerships.
The new platform will combine billing, routing, settlement and other operations in one system.
This should make it easier for the operator to add new partners and business models.
Investors reacted positively, and Subex shares rose 14% to a 52-week high.
Subex shares rose 14% and reached a 52-week high after announcing a telecom contract.
The deal has a contract value of US$5 million, or nearly Rs 48 crore.
Subex will deploy its Partner Ecosystem Management solutions for an unnamed telecom operator.
The unified platform will support mediation, billing, routing and settlement across wholesale operations.
The engagement is intended to help the operator onboard partners faster and pursue 5G and wholesale revenue opportunities.
- Who
- Subex Ltd. and an unnamed telecom operator.
- What
- Subex won a US$5 million contract to deploy Partner Ecosystem Management solutions and a unified wholesale operations platform.
- Where
- When
- Why
- The operator wants to streamline its wholesale operations, onboard partners and business models faster, and pursue emerging 5G and wholesale revenue opportunities.
Key facts
- Contract value
- US$5 million, or nearly Rs 48 crore
- Share movement
- Subex shares rose 14%
- Share milestone
- The shares reached a 52-week high
- Customer
- An unnamed telecom operator
- Main solution
- Subex Partner Ecosystem Management
- Platform functions
- Mediation, billing, routing and settlement
- Target opportunities
- 5G and broader wholesale telecom revenue
Sources
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