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Subex surges on wining multi-year deal from Econet Wireless Zimbabwe

Mumbai : Subex is currently trading at Rs. 6.93, up by 0.13 points or 1.91% from its previous closing of Rs. 6.80 on the BSE. The scrip opened at Rs. 6.99 and has touched a high and low of Rs. 6.99 and Rs. 6.87 respectively. So far 15501 shares were traded on the counter. The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 8.04 on 04-May-2018 and a 52 week low of Rs. 4.40 on 25-Sep-2018.

Last one week high and low of the scrip stood at Rs. 7.49 and Rs. 6.58 respectively. The current market cap of the company is Rs. 382.16 crore. The promoters holding in the company stood at 0.08%, while Institutions and Non-Institutions held 0.27% and 99.64% respectively. Subex has won multi-year deal from Econet Wireless Zimbabwe (EWZ), a leading telecom operator in Zimbabwe for the deployment of its Analytics Centre of Trust (ACT) offering. Through the deployment, Econet will be able to transform into an independent data driven organization, thereby improving operational efficiency.

Econet Wireless Zimbabwe was looking to further improve their operational efficiency by effectively leveraging their data to make business decisions. To this end, Subex was selected based on its proven expertise in implementing an analytics solution which is flexible across business cases around Customer, Technology, Product, Sales & Distribution, Risk and Revenue. Subex is a leading telecom analytics solutions provider, enabling a digital future for global telcos.

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