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Infosys Inks $1.64 billion deal with Liberty Global

2023-08-18

Infosys, a leading information technology firm, has entered into a significant partnership with London-based telecom company, Liberty Global. The two giants have signed a deal worth €1.5 billion (approximately $1.64 billion) spanning five years. This collaboration aims to enhance and scale Liberty Global's digital entertainment and connectivity platforms. If extended to eight years, the contract's value could touch €2.3 billion (around $2.5 billion).

The partnership is expected to yield run-rate savings for Liberty Global of over €100 million (about $109 million) annually. This includes savings from technology investments and other areas. The collaboration builds upon an existing multi-year agreement, where Infosys has been supporting Liberty Global's tech services since February 2020. The expanded collaboration will see Infosys taking over the "build and operations" of Liberty Global's Horizon entertainment and connectivity platforms. The goal is to introduce AI-powered digital entertainment to Liberty Global's global customer base using Infosys's Topaz platform. This deal marks the fourth significant agreement for Infosys in the current financial year.