Last Updated on Aug 4, 2022 by Aradhana Gotur
Software company Subex rallied 20% after announcing a partnership for HyperSense, its AI Orchestration Platform, with Jio Platforms. The platform will augment the 5G product line of Reliance Industries Ltd’s (RIL) telecom business.
Table of Contents
Subex provides operations and business support systems to communication service providers (CSPs) in the telecom industry. It offers software products and related services such as Business Assurance, HyperSense, Network Asset Management, Fraud Management, Capacity Management, and others.
About the collaboration
As per the collaboration, along with Subex’s HyperSense, Jio Platforms will offer Cloud Native 5G Core to telcos across the globe to enable closed-loop network automation, product performance, and customer experience analytics.
Aayush Bhatnagar, Senior Vice President of Jio Platforms, said, “The JPL and Subex partnership provides new opportunities to enable end-to-end 5G services for enterprises and consumers. JPL’s 5G stack complements the digital monetisation platforms of Subex to enable a wide range of 5G use cases”.
Market reaction to the deal
After the news, Subex was stuck in the upper circuit of 20% on BSE at Rs. 33.30 compared to its previous close of Rs. 27.70. The company’s market cap rose to Rs. 1,871.47 cr.
The stock trades higher than the 5-day, 20-day, 50-day, and 100-day moving. However, it is lower than the 200-day moving average. So far in the year, the stock has lost 38.56%. Notably, it gained 26.62% in just a week because of its partnership with RIL.