One more telco selects Subex’s AI-First Fraud Management Solution for Advanced Fraud Defence

Bangalore, [Date] - Subex, a telecom AI company known for enabling connected experiences, has announced a new multi-year deal win with Tele2 Group. Headquartered in Sweden, Tele2 is one of Europe's leading telecom operators, providing mobile and fixed-line services, data network services, TV services, and content services to millions of customers across Sweden and the Baltic states. Tele2 has chosen Subex to enhance its fraud management operations with the deployment of Subex's AI-first Fraud Management solution on HyperSense.

The implementation will involve setting up a centralized system in Sweden to support fraud management teams across Sweden, Latvia, Estonia, and Lithuania.

The future-ready solution from Subex not only meets the current requirements of Tele2 but is also designed to evolve with emerging threats and technologies, ensuring long-term security for Tele2. It brings scalability and flexibility, allowing Tele2 to efficiently manage large volumes of data. The solution also minimizes data duplication, effort, and maintenance needs, streamlining internal processes and providing customizable capabilities for tailored solutions.

Nisha Dutt, CEO of Subex, said, "We are thrilled to partner with Tele2 and bring our cutting-edge HyperSense platform to their fraud management operations. This collaboration underscores the importance of leveraging advanced AI and analytics to create a secure digital ecosystem. We are confident that our solution will deliver significant value to Tele2, enhancing their fraud management capabilities and supporting their vision of a enabling a society of unlimited possibilities."

Yogesh Malik, CTIO at Tele2 group, said, "We are excited to collaborate with Subex in implementing their advanced Fraud Management system at Tele2. This partnership is a pivotal step in future-proofing our business operations, enabling Tele2 to introduce innovative offerings to the market more quickly and securely. Leveraging Subex's expertise in fraud management, we can confidently launch new products and services, assured that robust systems are in place to safeguard our current and future business and customers against potential threats. We anticipate a long and fruitful partnership with Subex."

About Subex

Subex is a telecom AI company enabling connected experiences for CSPs across the globe.

Founded in 1994, Subex helps its customers maximize their revenues and profitability. With a legacy of having served the market through world-class solutions for business optimization and analytics, Subex is now leading the way by enabling the creation of connected experiences in the telecom industry. Through their HyperSense line of offerings, Subex empowers communications service providers and enterprise customers to make faster, better decisions by leveraging Artificial Intelligence (AI) across the data value chain. Subex leverages its award-winning product portfolio in areas such as Business Assurance and Fraud Management and enhances them with the power of HyperSense to help CSPs reduce risk, combat fraud, and thereby ensure profitability.

About Tele2

Tele2 is a leading telco with the purpose to enable a society of unlimited possibilities. Through our networks and services - ranging from mobile and fixed connectivity, telephony and data network services to TV, streaming and global IoT solutions - we are deeply connected to every aspect of today's digital lifestyle. By making our infrastructure more powerful, reliable and sustainable, we enable society to become that as well. Tele2 was founded in 1993 and is listed on Nasdaq Stockholm. In 2023, Tele2 generated revenue of SEK 29 billion and reported an underlying EBITDAaL of SEK 10 billion. For latest news and definitions of measures, please see our homepage www.tele2.com

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