Subex Shares End 7.5% Higher After Rs 24 Cr Telecom Deal

Shares of Subex Ltd ended 7.5% higher on 18th March after the company said it had secured a nine-year enterprise asset management (EAM) contract from a leading North African telecom operator. The deal is valued at around €2.7 million (Rs 24.3 crore). It includes the deployment of Subex’s HyperSense solutions across the operator’s telecom network, fibre, IT, and data centre assets.

The deal will help the telecom operator gain a 360° view of its assets and improve tracking. Moreover, it will automate workflows across systems such as ERP, GIS, and NMS/EMS.

MD & CEO Nisha Dutt said the project will unify asset management across the network, fibre, and data centres. This will help the operator scale faster and improve compliance.

The project covers the full asset lifecycle, from purchase to disposal, and will be executed over the next nine years.

The contract was awarded by an international entity, with no involvement of Subex’s promoters or related parties.

Earlier, Subex also secured a five-year contract with a major European energy and telecom company, valued at around $1 million.

That deal includes deploying fraud management software, along with consulting, training, and long-term support services.

At 3:30 PM, shares of Subex ended 7.63% higher at Rs 8.60 on the NSE.

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