In a strategic move to expand its AI and cloud capabilities in Australia, Infosys has announced a joint venture with Telstra, the Australia’s leading telecommunications and technology company. The deal will see Infosys acquire a 75% shareholding in Versent group, Telstra’s wholly owned cloud and digital transformation subsidiary, for AUD 233.25 million (approximately ₹1,300 crore).
Infosys will take operational control of the JV, while Telstra retains a 25% minority stake. The Versent group’s team of 650 engineers, advisors, and strategists will join Infosys, further strengthening its presence in Australia and enhancing delivery capabilities for government, education, finance, energy, and utilities sectors.
Boosting AI-Enabled Cloud and Digital Solutions
The partnership will leverage Infosys’ AI-first suite, Infosys Topaz, to complement Versent’s cloud-first foundation, enabling Australian enterprises to accelerate digital transformation. The companies aim to deliver advanced, AI-enabled cloud and digital services tailored to local market needs.
Salil Parekh, CEO of Infosys, highlighted that the collaboration marks a new opportunity to accelerate innovation agendas for regional enterprises. Telstra CEO Vicki Brady echoed this sentiment, citing the combined strength of global scale, deep industry knowledge, and a shared culture of innovation.
Strengthening a Long-Term Relationship
The JV builds on an already strong partnership between Infosys and Telstra. In 2024, Infosys signed a strategic multi-year deal to support Telstra’s software engineering and IT transformation, followed in 2025 by a collaboration with Telstra International to advance technology leadership. This latest venture aligns with Telstra’s “Connected Future 30” strategy, aimed at driving innovation and growth across the region.
Oliver Camplin-Warner, Group Executive for Telstra Enterprise, noted that the JV will create a unique proposition for Australian enterprises to thrive in an AI-driven business landscape.
Closing Timeline
The transaction is expected to close in the second half of FY26, subject to regulatory approvals and customary closing conditions. Once complete, Infosys will be well-positioned to lead AI-enabled cloud transformation in Australia’s rapidly evolving digital economy.
