Bangalore: Subex Ltd., a leading global provider of operations and business support systems (OSS/BSS) for communications service providers (CSPs) has announced that it’s Board of Directors has approved a Preferential Allotment of shares to be issued to the investment vehicle of a telecom operator. A maximum of 8 million shares will be issued at Rs.80 after obtaining necessary approval from the shareholders during the AGM on September 13, 2010. The exact quantum will be decided later.
In a release, Subash Menon, Founder CMD & CEO, Subex Ltd. said, “This investment from an entity that understands the telecom software sector well vindicates our stand on the bright future of the company. They were particularly impressed with our positioning and strategy around Revenue Operations Centre (ROC) and Managed Services. The fact that they are investing at a price that is significantly higher than the current market price establishes their confidence in the company”.
Subex Limited is a leading global provider of OSS Solutions that empowers service providers to achieve competitive advantage through Business Optimization and Service Agility – thereby enabling them to better operational efficiency to deliver enhanced service experiences to subscribers.
The company pioneered the concept of a Revenue Operations Centre (ROC) – a centralized approach that sustains profitable growth and financial health through coordinated operational control. Subex’s product portfolio powers the ROC and its best-in-class solutions enable new service creation, operational transformation, subscriber-centric fulfilment, provisioning automation, revenue assurance, cost management, data integrity management, fraud management and interconnect / inter-party settlement.
Subex has over 150 customers across 60+ countries in 6 continents including 36 of the world’s 72 biggest telecommunications service providers. The company has more than 300 installations across 70 countries. Founded in 1992, Subex is a major success story of an entrepreneur from Kerala in Bangalore.
Kerala IT News