Subex wins million-dollar contract from Idea

IT services provider Subex today said it has bagged Rs 5 crore contract from Idea Cellular for providing fraud management solution through managed services.

"This is a fully outsourced managed services deal (worth a million dollar) where Subex will be running the operator’s entire fraud management operations," the Bangalore-based company said in a statement.

Idea Cellular is the third-largest mobile services operator in India, in revenue terms, with over 100 million subscribers.

"We are seeing increased traction for our managed services offering as operators are looking to reduce their Opex and improve their services to customers," Sudeesh Yezhuvath, Chief Operating Officer at Subex said.