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LONDON, UK – Subex Ltd, a leading global provider of business support systems (B/OSS) for Communications Service Providers (CSPs), announced that it has won a competitive bid to provide its Revenue Operations Centre (ROC) Revenue Assurance solution to Avea, Turkey. Avea is the sole GSM 1800 mobile operator and the youngest operator of Turkey, founded in 2004.

Gantek, a leading Systems Integrator in Turkey has also been involved by supporting the deployment and playing a large part in leading the project integration. After a competitive bid process, Avea chose Gantek and Subex to deliver their ROC Revenue Assurance solution.

ROC Revenue Assurance from Subex provides continuous monitoring and revenue protection, and is designed to detect not only potential revenue loss, but also to assist operators with the investigation, diagnosis, and recovery of these revenues and with their on-going protection. It is highly effective in both the traditional circuit-switched and next-generation, packet-switched service environments; scalable enough to serve operators large and small; and flexible enough to support Revenue Assurance practices as they expand and mature.

About Subex Limited
Subex Limited is a leading global provider of Business Support Systems (B/OSS) that empowers communications service providers (CSPs) to achieve competitive advantage through Business Optimisation – thereby enabling them to improve their operational efficiency to deliver enhanced service experience to subscribers.

The company pioneered the concept of a Revenue Operations Center (ROC^®) – a centralized approach that sustains profitable growth and financial health through coordinated operational control. Subex’s product portfolio powers the ROC and its best-in-class solutions enable revenue assurance, fraud management, data integrity management, cost management and interconnect / inter-party settlement. Subex also offers a scalable Managed Services program and has been the market leader in Business Optimisation for four consecutive years. Subex has been awarded the Global Telecoms Business Innovation Award for 2011 along with Swisscom for industry’s first successful Risk Reward Share model for fraud management.

Subex’s customers include 16 of top 20 wireless operators worldwide* and 26 of the world’s 50 biggest^#telecommunications service providers. The company has more than 300 installations across 70 countries.

*RCR Wireless list, 2010
#Forbes’ Global 2000 list, 2010

BANGALORE, INDIA – Subex Ltd, a leading global provider of Business Support Systems (B/OSS) for Communications Service Providers (CSPs), announced today that RBI has approved the extension of the maturity period of all the outstanding FCCBs to 9th July, 2012. This extension was sought by the company to have adequate time to complete the re-structuring activity that it is undertaking with the existing bondholders. Subex has convened a meeting of the bondholders on the 6th of March, during which meeting the bondholders are expected to approve this extension. With the approval, the extension process will be complete paving the way for the second stage.

“We are working on a complete re-structuring of the FCCBs with the existing bondholders and that has been contemplated as a two-step process. As we need 3 to 4 months to complete the plan, we decided to go for a two-step process. The first step is extension of the maturity period to give us adequate time to complete the second step. That first step is now moving towards a logical closure by the 6th of March”, said Mr. Subash Menon, Founder Chairman, Managing Director and CEO.

The second step is expected to result in some of the bonds getting converted to equity thereby reducing the overall debt and improving the debt-equity ratio. Once completed, this step will strengthen the balance sheet adequately. “I am glad to state that we are progressing well towards a full and final solution for the FCCB issue. We are hopeful of receiving the regulatory approvals required to complete the process in a timely manner”, he further added.

*RCR Wireless list, 2010
#Forbes’ Global 2000 list, 2010

LONDON, UK – Subex Ltd, a leading global provider of Business Support Systems (B/OSS) for Communications Service Providers (CSPs), announced that it will be participating in this year’s Mobile World Congress, which will be held in Barcelona, Spain from the 27th of February to the 1st of March.

At the event, Subex will be demonstrating its award winning ROCware solution, an operational analytics platform that will allow CSPs improve customer experience and hence reduce churn. The solution’s capability to harness available operational data that service providers have and transform it into actionable intelligence for their perusal – all in near real time, plays an important part in delivering Business Optimisation to CSPs.

The company’s industry–leading Revenue Operations Center (ROC) Fraud Management version 7.4 has been shortlisted in the Best Technology Product or Solution for Safeguarding and Empowering Customers category. The awards will be presented during the event on the 28th of February 2012.

The annual Mobile World Congress, is an idyllic platform for key players in the mobile ecosystem to come together to explore the industry. The highly attended event features Chief Executives representing mobile operators, device manufacturers, technology providers, vendors and content owners from across the world and at this year’s event, attendees will get an insight into how Subex helps its customers achieve competitive advantage, increased profitability and customer satisfaction.

In addition, Subex will also be showcasing its highly acclaimed Managed Services – Centre of Excellence, a centralized function to efficiently deliver managed service programs across the globe. This solution allows CSPs to leverage Subex’s expertise by allowing it to handle their operational aspects. This allows the service providers to focus on their strategic planning and core mission objectives.

“The telecom marketplace is extremely vibrant and the Mobile World Congress creates an unparalleled opportunity for players to network with our peers and understand the dynamics of the industry better,” said Vinod Kumar, Group President, Subex. “We will be showcasing our expertise and ROC solutions at the event and look forward to meeting our industry peers”.

Subex will present in the Hospitality Suite at 2G45 in Hall 2 (next to the French Pavilion).

*RCR Wireless list, 2010
#Forbes’ Global 2000 list, 2010

LONDON, UK – Subex Limited, a leading global provider of Business Support Systems (B/OSS) for CSPs (Communications Service Providers), announced today that it has been chosen to provide its industry leading Revenue Operations Centre (ROC) Fraud Management solution to a Tier 1 African operator in a group deal covering its pan-African countries across 16 networks.

Subex’s ROC Fraud Management solution was chosen over competition owing to its proven success in the Middle East and African regions. Subex’s technical superiority and highly scalable solution platform made it a natural choice for the multi-country deployment in this high growth region.

ROC Fraud Management solution from Subex is built to help CSPs move towards proactive fraud prevention, reducing fraud run time, augmenting internal controls and continuous fraud management process improvement. It boasts several industry-leading features, enabling real time reaction through its in-line controls and transaction controls and prioritizes investigation of potential fraud cases through its advanced artificial intelligence (AI) techniques.

ROC Fraud Management can detect fraud in any telecom environment, including wireline and wireless and across all service types. Its highly scalable platform can handle any data volumes and ever-increasing loads, offering a one-stop solution for an operator’s fraud management needs.

“We are very pleased to have been selected by one of the largest operator in the African region to provide them with our award winning ROC Fraud Management solution,” said Sudeesh Yezhuvath, Chief Operating Officer, Subex Ltd. “Having prior experience of successfully providing ROC solutions globally will enable us to provide the best service for this operator, which in turn will allow them to pass on excellent services to their customers.”

*RCR Wireless list, 2010
#Forbes’ Global 2000 list, 2010

LONDON, UK – Subex Ltd, a leading global provider of Business Support Systems (B/OSS) for Communications Service Providers (CSPs), announced that it has launched version 5 of its ROC Revenue Assurance offering. This new solution from Subex will help simplify Revenue Assurance for CSPs, and introduces two industry-first capabilities in RevenuePad and Zen.

Revenue Assurance is fast becoming an enterprise-wide tool and RevenuePad provides CSPs with such abilities, in addition to allowing them to grow the function through assistance in roadmap planning and maturity enhancement. It will also guide CSPs on which assurance areas and KPIs to cover to improve operational performance and advance along the maturity scale. RevenuePad will also be available as a mobile app for iPad, with apps for other mobile device platforms to follow soon.

Zen is a path breaking approach to help Revenue Assurance analysts fight the data tsunami. CSPs and RA analysts are trying to find the needle in the haystack and Zen is the industry’s first solution that sifts through millions of records and zooms in on the problem area in a matter of seconds. This dramatically reduces the time to find root causes (by more than 90 %) and provides a substantial boost to analyst productivity, thereby helping CSPs recover revenues much faster.

“The ROC Revenue Assurance solution along with its RevenuePad and Zen capabilities will be a one-stop shop for a CSP’s Revenue Assurance needs. Once again, Subex exhibited its thought leadership by setting a new direction for RA,” said Sudeesh Yezhuvath, Chief Operating Officer at Subex. “Additionally, the ROC Revenue Assurance 5 Solution is mobile device enabled and can be accessed by service providers anywhere anytime. This means that they will be able to gauge the Revenue Assurance health, analyze key metrics and make important decisions on the move”.

The ROC Revenue Assurance 5 solution is market ready.

LONDON, UK – Subex Ltd, a leading global provider of business support systems (B/OSS) for Communications Service Providers (CSPs), announced that it has launched its ROCware Product Performance Management solution. This new solution from Subex enables CSPs to monitor the overall health of a product, track progress against targets and make informed decisions to improve uptake and customer experience.

ROCware Product Performance Management solution enables service providers to obtain complete visibility into the product performance and quickly isolate problem areas requiring immediate attention before they affect customers. It also helps them track financial performance metrics such as ARPU, AMPU, acquisition costs, fixed and variable costs that contribute to real time monitoring of product performance and also provide the necessary elements to track progress against financial targets.

By using ROCware Product Performance Management service providers can also get near real-time visibility into detailed product KPIs, such as uptake, utilization, revenue and margin. It also includes a multi-dimensional product performance analysis which allows drilling down to market and subscriber levels. The solution’s unique variable forecasting analytics and ‘what-if’ modeling capability allows operators to instantly see the impact on margins by altering variables. ROCware Product Performance Management solution also includes automated analysis and alerting features when performance of service provider’s product violates set thresholds.

“Operators today struggle with getting visibility into product performance, taking weeks or sometimes months to understand and analyse the problem. By using Subex’s ROCware Product Performance Management solution, operators can now understand and respond to product performance issues almost immediately,” said Sudeesh Yezhuvath, Chief Operating Officer at Subex. “The ROCware Product Performance Management solution offers near real-time insight into market changes that impact an operator’s product uptake and profitability. We are pleased to launch this new product that will help operators in tracking of revenues, costs and margins in real time.”

The Subex ROCware Product Performance Management solution is market ready.

Bangalore, India – Subex Ltd, a leading global provider of Business Support Systems (B/OSS) for Communications Service Providers (CSPs), has decided to apply to the Reserve Bank of India for an extension of the maturity dates of it’s outstanding Foreign Currency Convertible Bonds (“FCCBs”) from 9th March, 2012 to 9th July, 2012. The company will also convene a meeting of the bondholders seeking their approval for this extension.

The company will continue its discussion with the bondholders to evolve a comprehensive re-structuring plan for the FCCBs. “The re-structuring plan being explored cannot be implemented within the next 30 days when the bonds will become due. Hence the plan to seek a short extension to ensure that we have adequate time to execute the plan. We are quite confident of arriving at a long term solution to address the FCCBs with the active support of the bondholders”, said Mr. Subash Menon, Founder Chairman, Managing Director and CEO, Subex Limited.

Subex has been improving it’s performance over the past few quarters and had registered 8% sequential growth and 20% Q-o-Q growth in Continuing Business Product Revenue in the 3rd quarter of the current financial year.

LONDON, UK – Subex Ltd, a leading global provider of Business Support Systems (B/OSS) for Communications Service Providers, announced today that it has been nominated for the 17th annual Global Mobile Awards 2012, to be presented at the Mobile World Congress on the 28th of February 2012. The company’s industry–leading Revenue Operations Center (ROC®) Fraud Management version 7.4 has been shortlisted in the Best Technology Product or Solution for Safeguarding and Empowering Customers category.

The ROC Fraud Management solution version 7.4 is the latest version of Subex’s industry leading product and is setting the industry benchmark through its systematic approach to implementing in-line rules to support proactive prevention of fraud. The product also goes a step further in minimizing costs as well as anxiety of customers, as well as protecting operators from fraudulent access.

“Reflecting the intensity of competition and innovation across the mobile ecosystem, we saw a record 600 entries and an exceptionally high quality field of contenders vying for this year’s Global Mobile Awards,” said Michael O’Hara, Chief Marketing Officer, GSMA. “It is a significant achievement to have made the shortlist, and our warmest congratulations go to all the nominees announced today. We look forward to the unveiling of the winners at the Mobile World Congress next month.”

Sudeesh Yezhuvath, Chief Operating Offer, Subex commented, “We are pleased that our industry leading ROC Fraud Management solution version 7.4 has been shortlisted for the Global Mobile Awards 2012. This nomination is testament of our product superiority and of our core value of continuous innovation to keep up with the changing needs of the industry. Subex delivers solutions which have the ability to scale in line with our customers’ needs; scalability and excellent fraud protection are two reasons why the world’s most successful communication service providers choose Subex’s ROC Fraud Management solution.”

List of nominees and awards categories can be found at www.globalmobileawards.com

Bangalore, INDIA – Subex Ltd, a leading global provider of Business Support Systems (B/OSS) for Communications Service Providers, announced today that it has recorded strong growth and profitability for its Product Business (Business Optimisation or RMS). The company has recorded Net Consolidated Revenue of Rs. 1328.69 mln (USD 26.05 mln) for the third quarter of FY12 up from Rs. 1267.72 mln (USD 24.86 mln) in FY11 Q3. The Order Intake for the Continuing Product Business grew 15.5% at US $ 23.1 mln up from US $ 20 mln in FY11 Q3. Net Profit (before exceptional items) grew at Rs. 285.38 mln (USD 5.60 mln) up from Rs. 240.41 mln (USD 4.71 mln) in FY11 Q3.

The Product Revenue for the company stood at Rs. 1187.29 mln (USD 23.28 mln) contributing to 89.36 % of the consolidated revenue. The company posted a Product EBITDA of Rs 439.76 mln (USD 8.02 mln) while the Consolidated EBITDA for the period stood at Rs. 443.83 mln (USD 8.70 mln) as compared to Rs. 386.63 mln (USD 7.58 mln) in Q3 of FY 2011.

Commenting on the business, Subash Menon, Founder Chairman, Managing Director and CEO, said, “We are extremely happy that the results for this quarter have turned out to be as promising as expected. We continue to have a good market share in Business Optimisation space and the increasing uptake for our industry leading Revenue Operations Center (ROC^®) and Managed Services offering is proof of the same. Our Product EBITDA stood at Rs. Rs 439.76 mln (USD 8.02 mln) and we expect this to grow in the coming quarter”.