Subex shines on bagging five-year framework contract with BT London

03 May 2017

Subex is currently trading at Rs. 12.00, up by 1.12 points or 10.29% from its previous closing of Rs. 10.88 on the BSE.

The scrip opened at Rs. 11.10 and has touched a high and low of Rs. 12.25 and Rs. 11.01 respectively. So far 3399092 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 14.24 on 11-Jul-2016 and a 52 week low of Rs. 8.25 on 21-Nov-2016.

Last one week high and low of the scrip stood at Rs. 12.25 and Rs. 10.80 respectively. The current market cap of the company is Rs. 600.69 crore.

The promoters holding in the company stood at 0.19%, while Institutions and Non-Institutions held 1.00% and 98.81% respectively.

Subex has bagged a new 5-year, multi-million dollar framework contract with BT, following on from its existing contract with the communications provider. In common with the previous contract, the new framework contract will cover the on-going provision of the company’s Revenue Operations Centre (ROC) portfolio software solutions, application/operations support, and managed services. These are delivered across BT’s Domestic & International Interconnect Billing & Settlements, Revenue Assurance and Event Integrity domains.

The primary objective of the Subex ROC is to function as the ‘Mission Control for Financial Health’. The ROC enables profitable growth for service providers through coordinated operational control. BT uses multiple Subex ROC solutions including ROC Revenue Assurance (for BT Global Services) and ROC Partner Settlement.

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

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