Stock in Focus: Leading global business support systems provider Subex Ltd reported on October 9 that a major telecom operator in the Netherlands has selected the company to provide a single platform for MVNO billing and wholesale partner settlements.
The value of this contract is $6.62 million (about ₹54.95 crore). It builds on Subex’s existing routing, interconnect, OTT, SMS, DCB and wholesale billing capabilities. It is for six years, and can be extended by two more years if needed.
All services on one platform
Subex will provide managed services from its UK data centre. Under this, wholesale products will be consolidated in a single platform for billing, rating and reporting. The aim is to simplify operations, reduce costs and maintain 99% SLA compliance.
This operator provides high-speed mobile services to many MVNOs through its network. It is now expanding network coverage with high-speed broadband and using wholesale products to improve service and increase operational efficiency.
Billing and Settlement Improvements
In this program, billing and settlement will be completely brought into managed services and business operations. Its objective is to increase efficiency, reduce costs and maintain consistency. The platform will maintain 99% SLA compliance, which is the hallmark of the Connect business.
Subex CEO says
Nisha Dutt, MD and CEO of Subex, said, ‘Wholesale monetization requires convergence, not complexity. “By providing MVNO billing and partner settlements through a single platform, we are accelerating time-to-value by connecting technology, operations and governance.”
Condition of Subex shares
Shares of Subex Ltd closed at ₹12.00, down 0.41% on BSE. The stock has given a return of 6.10% in the last month. However, the stock is down 54.67% in the last 1 year. The market cap of the company is Rs 665.83 crore.
Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. Moneycontrol never advises anyone to invest money here.