Subex touches the roof on bagging 5 global customer deals worth $10 million

20 Jan 2014

Subex is currently trading at its upper limit of Rs. 9.26, up by 0.44 points or 4.99% from its previous closing of Rs. 8.82 on the BSE.

The scrip opened at Rs. 8.50 and has touched a high and low of Rs. 9.26 and Rs. 8.50 respectively. So far 76601 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 14.49 on 12-Feb-2013 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. 9.90 and Rs. 8.82 respectively. The current market cap of the company is Rs. 146.81 crore.

The promoters holding in the company stood at 3.89% while Institutions and Non-Institutions held 0.26% and 94.78% respectively.

Subex, a leading global provider of Business Support Systems (BSS) for Communications Service Providers (CSPs), has won five new customer deals, worth $10 million, across key emerging markets. Two of the wins are from APAC, two from North Africa and one from the Middle East.

Subex participated and won these highly competitive bids against competition to provide its industry-leading Revenue Assurance, Fraud Management and Credit Risk Management solutions, few of them as Managed Services.

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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323