Subex touches roof on inking five-year contract with BTC
Date: 06-03-2019Subex is locked at upper circuit limit at Rs. 6.15, up by 0.29 points or 4.95% from its previous closing of Rs. 5.86 on the BSE.
The scrip opened at Rs. 5.82 and has touched a high and low of Rs. 6.15 and Rs. 5.82 respectively. So far 504132 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 8.97 on 06-Mar-2018 and a 52 week low of Rs. 4.40 on 25-Sep-2018.
Last one week high and low of the scrip stood at Rs. 6.15 and Rs. 5.45 respectively. The current market cap of the company is Rs. 345.63 crore.
The promoters holding in the company stood at 0.08%, while Institutions and Non-Institutions held 0.16% and 99.75% respectively.
Subex has signed a five-year multi-million-dollar deal with Botswana Telecommunications Corporation (BTC), a leading telecommunications services provider in Botswana. As part of the deal, the company will be implementing its integrated ROC Revenue Assurance and ROC Fraud Management Platform (iRAFM), along with its ROC Partner Settlement and ROC Route Optimization. This deal also marks the continuation of Subex and BTC’s long-standing partnership which dates back to 2010.
Subex is a leading telecom analytics solutions provider, enabling a digital future for global telcos.