Shares of Subex Ltd. climbed 5% on winning an award which was provided by a Leading Telecom Operator in Southeast Asia.

According to filing over the exchange, the company was awarded the contract to provide Revenue Assurance and Fraud Management on the HyperSense Artificial Intelligence /Machine Learning (AI/ML) platform for approximately USD 2.2 million over a period of 5 years, including Capital Expenditure (CapEx) and Operating Expenditure (OpEx) components.

Subex is a telecom AI company that has partnered with the Tier-1 APAC Operator to deploy Subex’s Business Assurance and Fraud Management solutions on HyperSense. This move will enable the operator to improve its assurance capabilities, cater to a wider spectrum of risks, and enhance its operational maturity, proactively addressing present and future risks.

The deployment will introduce an array of functionalities for proactive detection and prevention, enabling the operator to become a trusted provider of digital lifestyle solutions and services and lead innovation in the digital telecom sphere. The application of AI and ML technologies for early risk identification will automate complex fraud detection processes and significantly lower the Total Cost of Ownership (TCO).

This deployment will also expand the operator’s business coverage, encompassing new business lines and enabling the company to address additional assurance areas effectively. This collaboration aligns business and IT objectives, ensuring future resilience.

At 12:50 pm, Subex’s shares were trading 1.93% higher at Rs 36.95 on NSE.