Subex Lands US$50M Contract with BT

UK operator BT and Indian vendor Subex have signed a new three-year framework contract. Subex will supply products and services relating to revenue assurance, fraud detection, interconnect billing and event integrity. According to the press release, the deal is estimated to be worth US$50 million.

It looks like this deal builds upon the existing relationship between Subex and BT’s Global Services division. Some of the elements, like managed services for the BASALT data repository, were anticipated in a previous press release of January this year. The deal comes at a good time for Subex. The vendor is under pressure from investors wanting to see a turnaround in fortunes. Subex suffered big losses for the last financial year. After making cutbacks, Subex needs to show increasing profitability each quarter this year if it is to meet expectations.

Eric Priezkalns
Eric Priezkalns
Eric is the Editor of Commsrisk. Look here for more about the history of Commsrisk and the role played by Eric.

Eric is also the Chief Executive of the Risk & Assurance Group (RAG), a global association of professionals working in risk management and business assurance for communications providers.

Previously Eric was Director of Risk Management for Qatar Telecom and he has worked with Cable & Wireless, T‑Mobile, Sky, Worldcom and other telcos. He was lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press. He is a qualified chartered accountant, with degrees in information systems, and in mathematics and philosophy.