Subex Surges 20% On Partnering Jio Platforms For AI Platform
Jio Platforms has partnered with Subex, a telecom analytics firm, to augment its 5G product line.
Shares of Subex Ltd. surged 20%, the most in at least a year, after Jio Platforms Ltd. partnered the telecom analytics solutions and digital services provider to augment its 5G product line.
The deal pertains to Subex's AI orchestration platform, HyperSense, to utilise artificial intelligence across Reliance Jio Infocomm Ltd.'s telecom data value chain, according to an exchange filing.
Jio will offer its cloud native 5G core to telecom companies globally along with Subex's HyperSense for enabling closed loop network automation, product performance and customer experience analytics, the filing said.
The cloud native core, it said, implements key network architecture and ensure faster connectivity, ultra-low latency, network reliability. The HyperSense platform of Subex aids data preparation, model building and deployment.
The stock's trading volume was nearly thrice the 30-day average. The Relative Strength Index was 74, suggesting it may be 'overbought'.