Business

Infosys bags $1.6bn contract from telecom major Liberty

BENGALURU: Infosys has expanded its partnership with global telecom major Liberty Global in a deal valued at 1.5 billion euros (about $1.6billion) over the initial five-year term, and at 2.3 billion euros if the contract is extended to eight years. The collaboration allows Liberty Global to realise run-rate savings of more than 100 million euros per annum, inclusive of other savings and technology investments, the companies said in a joint statement.

Liberty Global, which has its offices across London, Amsterdam and Denver (US), delivers next-generation products through advanced fibre and 5G networks, and currently provides over 85 million connections across Europe and the UK. More than 400 Liberty Global employees will join Infosys as part of this expanded contract. Senior executives and technology teams from Liberty Global’s product, technology development service delivery group, network & shared operations and security groups will transition to Infosys.
Infosys CEO & MD Salil Parekh said it would bring transformative AI-first capabilities to complement the cloud-first digital foundation it previously laid for Liberty Global.

Liberty Global CEO Mike Fries said, “Strengthening and expanding our collaboration with Infosys gives our best-in-class solutions new scale with the ability to reach many more markets and bring positive experiences to more customers. And while it produces substantial central cost savings over time, it also provides excellent opportunities for our talent to grow their specialist skills and nurture impactful careers with Infosys.”

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