Indian tech major Infosys, has agreed to purchase a 75% stake in Australian digital transformation solutions provider Versent Group from Telstra Group for A$233m ($152.4m). The deal also includes an additional deferred payments contingent on performance and other criteria.

Telstra has sold a 75 per cent stake in Versent Group to Infosys, valued at $233 million. The move is part of Telstra’s Connected Future 30 strategy to focus on core connectivity and is consistent with the reset of its enterprise business.

News: Infosys has announced a joint venture with Telstra, acquiring 75% of its subsidiary, Versent Group, to propel AI-enabled cloud and digital solutions for Australian businesses.

Infosys has announced it will acquire a 75 percent stake in Australian telco Telstra subsidiary Versent Group for AU$233.3 million ($153m). In doing so, Infosys and Telstra will form a joint venture that aims to speed up the AI-powered cloud and digital transformation for Australian enterprises.

Indian IT services company Infosys said on Wednesday that it would take a 75% stake in Versent Group, a wholly owned unit of Australia's Telstra Group , for A$233.3 million ($153 million).

Infosys has announced the formation of a joint venture with Telstra, an Australian telecommunications and technology company.

IT company Infosys plans to acquire 75 per cent stake in Versent Group, a wholly-owned subsidiary of Australian telecom firm Telstra, for 233.25 million Australian dollars or about Rs 1,336 crore, the company said in a regulatory filing.

Infosys is set to acquire a 75% stake in Versent, Telstra's cloud services unit, for approximately $153 million. This strategic move aims to strengthen Infosys's presence in Australia. The transaction is expected to be completed by fiscal 2026,

Infosys to acquire 75% stake in Telstra''s Versent Group for AUD 233.25 mn. Strategic collaboration for AI-enabled cloud solutions.

IT services company Infosys said it acquired a 75 percent stake in Telstra’s Versent Group for $153 million to boost AI customer adoption and cloud services.