IT stock Subex jumps 10% after receipt of order worth $6.62 million. Do you own?

Subex share price surged by 10% during Friday's trading session following the announcement that a prominent telecom operator in the Netherlands has chosen the company to provide a unified platform for MVNO billing and wholesale partner settlement.

The agreement, which is worth $6.62 million (around ₹54.95 crore), strengthens Subex’s ongoing partnership in areas including Routing, Interconnect, OTT, SMS, DCB, and wholesale billing.

This contract has a duration of six years, with the possibility of extending it for another two years, contingent upon an increase in commercial terms.

Subex will deliver comprehensive managed services from its UK data center, integrating wholesale offerings into a unified billing, rating, and reporting system. The initiative aims to enhance operational efficiency, lower expenses, and achieve a 99% compliance rate with SLA standards.

The operator in the Netherlands possesses a wholesale presence of national significance that allows various MVNOs to utilize high-speed mobile infrastructure. In alignment with its strategy, it is broadening its national network coverage with high-speed broadband and utilizing wholesale products to improve service delivery and boost operational efficiency throughout its area.

"Wholesale monetisation demands convergence, not complexity. With a single platform for MVNO billing and partner settlement delivered as managed services, we're aligning technology, operations, and governance to accelerate time-to-value for one of the Netherlands’ most influential operators," said Nisha Dutt, MD and CEO, Subex.

The initiative will unify billing and settlement within a fully Managed Services and Business Operations framework, intended to enhance overall efficiency. The objective of the initiative is to combine wholesale offerings into one billing, rating, and reporting system, enhancing both efficiency and consistency while realizing considerable cost savings, all while preserving the 99% SLA compliance standards that have defined the Connect business.

Subex share price today

Subex share price opened at an intraday low of ₹12.13 apiece on the BSE, the stock touched an intraday high of ₹13.17 per share.

“We are seeing a strong surge in prices as its up more than 10%, this move is supported with strong volumes and considering prices crossing key averages, it can extend further in near term, 14.5 the 200 dsma is next resistance whereas 12.5 acts as support,” said Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One.

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