Subex Limited has informed the Exchange about Bagging/Receiving of orders/contracts
SUBEXLTD · price
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Subex has secured a 5-year renewal of its partnership with a leading Asia-Pacific communications service provider, valued at USD 5.60 million (roughly Rs 47 crore). The contract covers Revenue Assurance and Fraud Management (RAFM) solutions for the operator's mobile and fixed-broadband services, which serve over 150 million mobile and 10 million broadband subscribers. The renewal extends the existing Managed Services program and adds a new Professional Services component focused on technical modernization. Subex first deployed its solutions with this operator in early 2020, and expanded into fixed-broadband in 2023, so this deal cements a relationship that has been in place for over five years.
This is a positive development, as it confirms continued revenue visibility for the next five years from a long-standing international client and highlights Subex's ability to renew and expand existing accounts. While the deal size is modest in absolute terms, the foreign-currency, multi-year nature of the contract supports revenue stability.