In early trading on March 7, the share price of Subex rose after the company secured a five-year, $2.2 million contract from a leading telecom operator in Southeast Asia.
At 9:32 am, Subex was trading at Rs 36.68 on the BSE, up Rs 0.45 or 1.24 percent.
The contract involves deploying Subex’s advanced business assurance and fraud management solutions on HyperSense. This strategic move aims to address both current and future risks, particularly those emerging in the dynamic landscape of the 5G era. It enables the operator to innovate rapidly and drive growth in the region’s digital ecosystem.
The deployment leverages AI and ML technologies for early risk detection, automates complex fraud detection processes, and allows for customization of ML models to tackle emerging challenges.
Subex CEO Nisha Dutt expressed enthusiasm about partnering with one of the leading operators in APAC, emphasizing the transformative impact of their AI-driven solutions on risk management in the 5G era.
The company aims to support the operator’s vision of becoming a trusted provider of digital solutions while enhancing connected experiences.
Subex’s share had reached a 52-week high of Rs 45.80 on February 7, 2024, and a 52-week low of Rs 25 on March 28, 2023. Currently, the stock is trading 19.91 percent below its 52-week high and 46.72 percent above its 52-week low.
