Subex Shares Hit Upper Circuit For The Second Straight Day: Here's Why

Shares of Software product company Subex hit 20% upper circuit again for the second straight day today (August 4, 2022). After settling at Rs. 33.3 on the previous day, the scrip in trade today zoomed to Rs. 39.95 per share on the NSE.

Subex Shares Hit Upper Circuit For The Second Straight Day: Here's Why

The sharp spike in its share price is after the company announced its partnership with Jio Platforms for its AI Orchestration Platform-Hypersense. In the filing to the exchange the company said, "We wish to inform that Jio Platforms Limited (JPL), a leading Indian Technology Company (subsidiary of RIL), today announced a partnership with Subex for its AI Orchestration Platform, HyperSense, which can enable telcos to deliver on the promise of AI across the data value chain. As per the collaboration, JPL will offer its Cloud Native 5G Core to telcos globally along with Subex's HyperSense for enabling closed loop network automation, product performance and customer experience analytics".

JPL's Cloud Native 5G Core implements the new 3GPP network architecture that will unleash the full power of 5G standalone enabling faster connectivity speeds, ultra-low latency, and network reliability. These capabilities, combined with network automation, network slicing and edge computing, are instrumental to address multiple verticals and enable an ecosystem for innovation with use cases such as: enhanced mobile broadband (eMBB), Ultra Reliable Low Latency Communication (uRLLC) and massive Machine Type Communication (mMTC). Jio's 360° Automation Platforms and Open API based OSS platforms provides faster integrations to multi-party 5G BSS systems.

Subex's HyperSense Platform is a unified data analytics and AI orchestration platform, using technologies such as machine learning and AI. HyperSense assists with data preparation, model building and deployment, insight generation. The platform also enables AI driven real time analytics across the 5G systems (Edge/Access/Transport/Core Networks) critical for superior customer experience, efficient operations and overall business profitability.

"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", said Mr. Aayush Bhatnagar, Senior Vice President of Jio
Platforms.

Subex is a holding company that provides software products as well as related services to communications service provider globally. Besides the company also offers implementation, customisation and support services.

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