IT services firm Subex Ltd announced on Tuesday (March 17) that it has secured a nine-year enterprise asset management (EAM) engagement from a leading North African telecom operator. According to reports from CNBC TV18, the contract is valued at approximately €2.7 million (₹24.3 crore) and covers the deployment of Subex's HyperSense solutions across the operator's telecom network, fibre, IT, and data centre assets. The project spans the complete asset lifecycle, from purchase to disposal and retirement, both technically and financially.
The engagement will enable centralised 360° asset visibility, fixed asset registry (FAR) reconciliation, and workflow automation, integrating with enterprise resource planning (ERP), geographic information system (GIS), and network management system/element management system (NMS/EMS) platforms. As reported by CNBC TV18, the project execution will extend over the next nine years, with the contract awarded by an international entity with no involvement of Subex promoters or related parties.
Nisha Dutt, MD and CEO of Subex, stated that "Nations are accelerating digital infrastructure, and with it, the need for intelligent asset stewardship. This engagement brings our EAM to one of North Africa's largest operators, unifying asset intelligence across radio, fibre, and data centre so they can scale faster, invest smarter, and strengthen compliance." According to CNBC TV18, the project execution will extend over the next nine years, demonstrating the company's continued focus on international telecom sector expansion.
Shares of Subex Ltd ended at ₹7.99, down by ₹0.010, or 0.13%, on the BSE today, March 17, as reported by CNBC TV18. The stock movement occurred following the announcement of the contract award, reflecting market reaction to the new business development. This represents the latest in a series of contract wins for the IT services firm, including a five-year contract secured last year from one of Europe's largest integrated energy and telecommunications providers.
