IT stock Subex jumps 10% after receipt of order worth $6.62 million. Do you own?
Published on 10/10/2025 09:51 AM
Subex share price surged by 10% during Friday's trading session following the announcement that a prominent telecom operator in the Netherlands has chosen the company to provide a unified platform for MVNO billing and wholesale partner settlement.
The agreement, which is worth $6.62 million (around ₹54.95 crore), strengthens Subex’s ongoing partnership in areas including Routing, Interconnect, OTT, SMS, DCB, and wholesale billing.
This contract has a duration of six years, with the possibility of extending it for another two years, contingent upon an increase in commercial terms.
(more to come)
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