Infosys Signs $1.64 Billion Multi Year Deal With Liberty Global

The agreement expands on the existing multi-year collaboration between the two firms. Infosys has supported Liberty Global's technology services platforms since February 2020.

Infosys will collaborate with the converged video, broadband, and communications company Liberty Global to realise run-rate savings in excess of €100 million per annum, inclusive of other savings and technology investments, the statement said. 

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IT major Infosys has signed a multi-year deal with a London-based converged video firm Liberty Global, Infosys said in a statement on Tuesday. Under the deal, Infosys will provide services to Liberty Global estimated at €1.5 billion ($1.64 billion) over the initial 5-year term and at €2.3 billion ($2.5 billion) if the contract is extended to 8 years, the company said.

Infosys will collaborate with the converged video, broadband, and communications company Liberty Global to realise run-rate savings in excess of €100 million per annum, inclusive of other savings and technology investments, the statement said. 

The agreement expands on the existing multi-year collaboration between the two firms. Infosys has supported Liberty Global's technology services platforms since February 2020. The Bengaluru-based IT major will take over the "build and operations" of Liberty Global's Horizon entertainment and connectivity platforms.

The expanded deal promises to offer artificial intelligence (AI)-powered digital entertainment to Liberty Global's consumers worldwide using Infosys' Topaz solution. In addition, Liberty Global is licencing these platforms to Infosys so that the digital services provider can offer best-in-class services to new operators and markets beyond the Liberty Global family.

“We are excited to bring Infosys Topaz to enable transformative AI-first capabilities to complement the cloud-first digital foundation we have laid for Liberty Global using Infosys Cobalt. This will unveil a new chapter in our joint journey of innovation as we reimagine entertainment and the connectivity experience for millions of global consumers. The strength of our global operations will also help the business scale across markets,” said Salil Parekh, chief executive officer (CEO) and managing director, Infosys.

“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,” said Mike Fries, CEO, Liberty Global.