Subex trades higher on the bourses

Subex is currently trading at Rs. 8.55, up by 0.06 points or 0.71% from its previous closing of Rs. 8.49 on the BSE.

The scrip opened at Rs. 8.52 and has touched a high and low of Rs. 8.74 and Rs. 8.52 respectively. So far 55389 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 11.24 on 24-Jan-2014 and a 52 week low of Rs. 4.41 on 02-Aug-2013.

Last one week high and low of the scrip stood at Rs. 8.89 and Rs. 8.15 respectively. The current market cap of the company is Rs. 142.64 crore.

The promoters holding in the company stood at 3.89% while Institutions and Non-Institutions held 0.11% and 94.93% respectively.

Subex, a leading global provider of Business and Operations Support Systems (B/OSS) for Communications Service Providers (CSPs), has been awarded the Global Telecoms Business Innovation (GTB) Awards 2014 along with Telstra Global in the 'Business Service Innovation' category for Unified Billing operations using ROC Partner Settlement. This is the third time Subex has won the prestigious GTB Innovation Awards. The Global Telecoms Business Innovation Awards have been in existence since 2007 and recognizes innovations that contribute to improved business efficiencies in the telecoms world.

Subex and Telstra Global entered into a strategic partnership program with the objective of successfully implementing a platform to support enterprise billing along with the ability to support billing of multiple countries on the same platform and partition of data separately for security and business purpose. The solution provided the operator with a robust functionality, enabling a unified billing/settlement processes across all countries of operation.

With more than 60 global installations, ROC Partner Settlement solution enables CSPs to quickly and accurately settle charges with their network and content partners. The solution's flexibility, scalability and ease of use enable operators to manage complex interconnect billing and agreements efficiently and accurately. Subex was also recently awarded the prestigious Global Carriers Awards 2013 by Capacity Magazine for ROC Partner Settlement solution.

Subex is a leading global provider of Business Support Systems (BSS) that empowers communications service providers (CSPs) to achieve competitive advantage through Business Optimisation - thereby enabling them to improve their operational efficiency to deliver enhanced service experiences to subscribers.