9 months ago
Subex Shares Rise 7% on 5-Year Deal
Subex is a company that makes software for telecom businesses.
They just got a big deal to work with a large energy and telecom company in Europe for five years.
Because of this good news, their stock price went up by 7%.
The deal includes providing software to prevent fraud, giving advice, teaching, and helping with services.
Even though the overall market was down, Subex's stock did well.
The company's stock has been down a lot over the year, but this deal is a big win for them.
Their stock is now worth more than it has been in the last few days, but still less than it was a year ago.
Subex shares rose 7% after securing a 5-year deal with a leading integrated energy and telecom provider in Europe.
The deal involves providing fraud management software, business consulting, training, managed services, and support.
Subex's stock price increased to Rs 12.59 from the previous close of Rs 11.75.
The company's market cap rose to Rs 674 crore on the BSE.
Despite the overall market decline, Subex's stock performed well, gaining 26.62% in the past week.
- Who
- Subex, a software company specializing in operations and business support systems (OSS/BSS) for the telecom industry
- What
- Secured a 5-year deal with a leading integrated energy and telecom provider in Europe
- Where
- The deal is in Europe, and the stock is traded on the BSE in India
- When
- The deal was announced and the stock price increased on the same day
- Why
- The stock price rose due to the significant 5-year deal announcement, which is expected to boost the company's revenue and market position
Key facts
- Company
- Subex
- Stock Price Increase
- 7%
- Deal Duration
- 5 years
- Client Industry
- Integrated energy and telecommunications
- Services Provided
- Fraud management software, business consulting, training, managed services, support
- Market Cap
- Rs 674 crore
- 52-Week High
- Rs 26.98
- 52-Week Low
- Rs 10.57
Quotes
Subex
A software company providing operations and business support systems to communication service providers in the telecom industry.
“We are pleased to announce that Subex Wins 5-Year Deal in Europe with a Leading Integrated Energy & Telecom Provider. This engagement involves providing Fraud management software, business consulting, training, managed services and support. A press release in this regard is also enclosed herewith.”
businesstoday.in
“One of the largest integrated energy and telecommunications provider in Europe whose operations include the energy sector (power grids, renewable energy, EV charging) and the telecommunications sector (fiber broadband, mobile telephony).”
businesstoday.in
Sources
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