Mumbai, Oct. 13 -- The stock surged 10% on Friday, 10 October 2025, after the company announced two separate deal wins. It bagged a $6.62 million contract from a leading telecom operator in the Netherlands.

The six-year deal, with an option for a two-year extension, involves deploying a single converged platform for MVNO billing and wholesale partner settlement. The engagement builds on an existing partnership spanning routing, interconnect, OTT, SMS, direct carrier billing, and wholesale billing, with services to be managed from Subex's UK datacenter.

The project will consolidate wholesale billing and reporting functions into one system, targeting higher efficiency, lower costs, and continued 99% SLA compliance. The Dutch telecom opera...