Infosys has broadened its alliance with the international telecom giant Liberty Global in a transaction worth 1.5 billion euros (approximately $1.6 billion) for the first five years. This value could rise to 2.3 billion euros if extended to eight years. Through this agreement, Liberty Global is set to achieve annual savings exceeding 100 million euros, accounting for additional savings and tech investments, as per a combined announcement by the companies.
With headquarters in London, Amsterdam, and Denver (US), Liberty Global offers cutting-edge products via high-speed fibre and 5G networks. They currently facilitate over 85 million connections throughout Europe and the UK. The expanded deal will see over 400 Liberty Global staff members transition to Infosys. This includes top executives and tech teams from Liberty Global’s product, tech development service delivery, network & shared operations, and security divisions.
Salil Parekh, CEO & MD of Infosys, expressed that the partnership aims to integrate advanced AI-driven solutions, building on the cloud-based digital infrastructure they had earlier established 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.”