Subex gains as GO selects its ROC Revenue Assurance and Fraud Management solutions

04 Jun 2014

Subex is currently trading at Rs. 11.70, up by 0.17 points or 1.47% from its previous closing of Rs. 11.53 on the BSE.

The scrip opened at Rs. 11.80 and has touched a high and low of Rs. 12.04 and Rs. 11.50 respectively. So far 153792 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 13.30 on 23-May-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. 12.44 and Rs. 10.33 respectively. The current market cap of the company is Rs. 195.80 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 selected to provide its industry leading ROC Revenue Assurance and Fraud Management solutions in a hybrid model by GO, a leading provider in Malta. The terms of the hybrid model contract would entail an initial Managed Services deployment period after which it will be converted into a license model engagement. Subex's leadership and domain expertise in the Revenue Assurance and Fraud Management space were seen as key value drivers during an intense vendor evaluation process.

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.


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