BANGALORE, INDIA – Subex Ltd, a leading global provider of operations and business support systems (OSS/BSS) for communications service providers (CSPs), announced today that although delayed, the proposed preferential placement in the company, leading to an infusion of Rs. 300 to 400 million into the company, will happen within the next few months.
“The investment has got delayed due to certain procedural delays at the fund that is investing. Thus, the reason for the delay is unrelated to Subex. We will complete the process positively within a couple of months and expect to raise between Rs. 300 to 400 million”, said Mr. Subash Menon, Founder Chairman, Managing Director and CEO, Subex Ltd