Subex Bags 5-Year Framework Contract, Stock Surged 9%

Subex Limited, the provider of business operations and support systems for communication service companies, bagged 5-year multi-million-dollar framework contract with BT. 

The stock of Subex soared 9.7% at Rs 11.94 and hit an intraday high of Rs 12.25. In line with the previous contract, the new framework contract will cover the on-going provision of company's revenue operations centre portfolio software solutions, application support and managed services. 

These are delivered across BT's domestic and international interconnect billing and settlements, revenue assurance and event integrity domains.

Subex’s ROC is developed to function as the mission control for financial health. The coordinated operational control enables profitable growth to communication service providers. BT has been using Subex ROC solutions, ROC revenue assurance and ROC partner settlement.

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