Subex Ltd Share Price – NSE  /  BSE

IT - Software, Small Cap

Subex has announced a deal win with a leading telecom operator in the APAC region. This deal, signed by Subex (Asia Pacific) , (wholly owned subsidiary of the Company) leveraging Subex's advanced Business Assurance solution on HyperSense, marks the continuation of a productive alliance that spans over 15 years, building on the ROC Revenue Assurance system's success.

 The operator is poised to emerge as a visionary leader in telecom technology, striving to deliver unparalleled 5G connectivity, integrated solutions, and an enhanced customer experience. This ambition is supported by the partnership with Subex, aimed at enhancing service quality and providing superior connectivity and integrated solutions.

This initiative is expected to transform the operator's approach to Business Assurance. Utilizing Subex's AI-based solutions, the operator plans to enhance its assurance capabilities significantly, address a wider array of risks, and elevate its operational maturity. It's a strategic step designed to proactively manage risks, particularly those emerging in the evolving 5G landscape, enabling rapid innovation and growth in the digital ecosystem.

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This deal involves the deployment of Subex's business assurance and fraud management solutions on HyperSense AI /ML platform, which includes capex and opex components.

This development continues the over two-decade-long alliance between Subex and the operator, building on the successful implementation of ROC Revenue Assurance and Fraud Management systems.

The deployment facilitates the application of AI and ML technologies for early risk identification, automates complex fraud detection processes, and enables the customization of ML models to adapt to emerging challenges. It also promises to offer unparalleled scalability and flexibility in handling vast data volumes, significantly lowering the Total Cost of Ownership (TCO).

Additionally, it will enhance operational efficiency by reducing data duplication, effort, and maintenance needs. The unified platform will not only streamline internal communications but also offer Do-It-Yourself capabilities for bespoke solution tailoring.

Furthermore, this deployment will expand the operator’s business coverage, encompassing new business lines and enabling the company to address additional assurance areas effectively.

The operator aims to be a future-fit, leading telecom tech company at the forefront of digitalization in the region. They aim to leverage partnerships with cutting-edge technology vendors to deliver high-quality connectivity and enterprise solutions in the era of 5G, AI, and IoT.

The value of the said contract is $2.2 million. The project has to be executed within a period of 5 years.

Nisha Dutt, CEO of Subex, said: Subex is excited to work with one of the leading operators in APAC on this transformative journey. Our AI-driven Fraud Management and Business Assurance solutions will revolutionize the operator’s approach to risk management.

This enduring alliance takes a strategic step towards aligning business and IT objectives, enhancing operational efficiency, and positioning the operator as a world-class player in the digital telecom sphere.

Subex is a telecom artificial intelligence (Al) company enabling connected experiences for communication service providers (CSPs) across the globe.

The company had reported a net loss of Rs 4.9 crore in Q3 FY24 as against a net loss of Rs 11.1 crore in Q3 FY23. Revenue for the quarter at Rs 81.8 crore, up by 7% from Rs 76.8 crore posted in the quarter ended 30 September 2023.

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Subex has won a deal with a leading telecom operator in Southeast Asia. This deal involves the deployment of Subex's state-of-the-art Business Assurance and Fraud Management solutions on HyperSense. This significant development continues the over two-decade-long alliance between Subex and the operator, building on the successful implementation of ROC Revenue Assurance and Fraud Management systems.

The operator aims to be a future-fit, leading telecom tech company at the forefront of digitalization in the region, and the partnership with Subex will help move them closer to that vision. They aim to leverage partnerships with cutting-edge technology vendors to deliver high-quality connectivity and enterprise solutions in the era of 5G, AI, and IoT.

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Net Loss of Subex reported to Rs 4.89 crore in the quarter ended December 2023 as against net loss of Rs 4.68 crore during the previous quarter ended December 2022. Sales rose 11.08% to Rs 81.82 crore in the quarter ended December 2023 as against Rs 73.66 crore during the previous quarter ended December 2022.

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