Subex Ltd.

BSE: 532348 | NSE: SUBEXLTD
Small Cap | IT - Software
10.27
-0.63 (-5.78%)
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Subex inches up on being selected for providing ROC Revenue Assurance solution

Date: 22-11-2012

Subex is currently trading at Rs 13.68, up by 0.01 points or 0.07% from its previous closing of Rs 13.67 on the BSE.

The scrip opened at Rs 13.60 and has touched a high and low of Rs 13.73 and Rs 13.25 respectively. So far 67480 shares were traded on the counter.

The BSE group 'T' stock of face value Rs 10 has touched a 52 week high of Rs 37.10 on 29-Nov-2011 and a 52 week low of Rs 11.10 on 29-Aug-2012.

Last one week high and low of the scrip stood at Rs 14.55 and Rs 13.00 respectively. The current market cap of the company is Rs 217.56 crore.

The promoters holding in the company stood at 5.34% while Institutions and Non-Institutions held 3.37% and 86.88% respectively.

Subex has been selected by True Corporation Public Company, to provide its industry leading Revenue Operations Centre (ROC) Revenue Assurance solution.

The ROC Revenue Assurance solution is a first of its kind, complete revenue assurance solution, designed to tackle critical challenges across the entire revenue chain. The solution provides unprecedented automated correction capabilities to improve bottom-line results and provide a quick return-on-investment (ROI).

True is fully integrated communications conglomerate in Thailand that operates the country’s largest ISP, TrueOnline, largest cable TV provider ‘TrueVision’ as well as third largest mobile operator ‘TrueMove’ in its portfolio.

Subex is a leading global provider of business support systems that empowers communication service providers to achieve competitive advantage through Business Optimization-thereby enabling them to improve their operational efficiency to deliver enhanced service experiences to subscribers.