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Infy to buy 75% in Telstra arm for ₹1.3K cr
August 14, 2025
|Business Standard
Information technology (IT) services major Infosys on Wednesday announced the formation of a joint venture (JV) with Telstra, Australia's leading telecommunications and technology company.
This will allow Infosys to accelerate artificial intelligence (AI)-enabled cloud and digital solutions for Australian businesses.
Infosys will acquire 75 per cent of shareholding in the Versent group — a wholly owned subsidiary of the Telstra group — that delivers cloud and digital transformation. Infosys is investing Australian dollar 233.25 million (around ₹1,300 crore) in the JV.
The IT services major will have operational control while Telstra will continue to retain the remaining 25 per cent minority stake in the Versent group.
هذه القصة من طبعة August 14, 2025 من Business Standard.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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