Subex shares surge after $6.6M Dutch deal

Bengaluru-based Subex shares zoomed 10% after it announced partnership with a major telecom provider in the Netherlands.  

Subex is a leading telecom services provider that provides AI-based communication solutions to clients globally.

The deets: under the contract valued at $6.62 million, Subex would provide their client a platform for MVNO billing.

MVNO billing refers to a system a mobile network operator uses to process and track service usage and generate invoices. All this is done to ensure accurate billing. 

Subex will provide end-to-end services from its UK datacenter and combine all the billings, ratings, and reporting from a single platform to improve efficiency and cut down costs. 

Why this matters: India is the second largest telecommunications and IT services exporter in the world. Partnerships like this can help the country expand its global footprint and reach the top spot. Besides, it can also help the Netherlands operator to enhance its national network coverage and improve operational efficiency.