Infosys Buys Majority Stake In Telstra Cloud Unit For $153M To Boost AI

‘We are excited to bring Infosys Topaz to enable transformative AI-first capabilities to complement Versent Group’s cloud-first digital foundation,’ says Infosys CEO Salil Parekh.

Global services and consultant giant Infosys is acquiring a 75 percent stake in Versent Group, a cloud services unit owned by telecom provider Telstra, for $153 million.

The $19 billion India-based services superstar says buying a majority stake in Versent Group will accelerate enterprise customers AI journey throughout Australia.

“We are excited to bring Infosys Topaz to enable transformative AI-first capabilities to complement Versent Group’s cloud-first digital foundation,” said Infosys CEO Salil Parekh (pictured above) in a statement.

To drive greater AI adoption, Infosys plans to leverage its Topaz AI services, Cobalt cloud offering, and newly acquired cybersecurity capabilities from The Missing Link together with Versent’s services capabiltites.

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“[Infosys’] global scale, deep industry knowledge, and culture of innovation and service excellence will be instrumental in accelerating Versent Group’s growth and impact across the region,” said Telstra CEO Vicki Brady in a statement.

Telstra is one of Australia’s biggest telecommunications and networking companies.

Infosys stock was up nearly 2 percent Wednesday, trading at around $16.34 per share.

Infosys-Telstra Deal Details

The deal is expected to close during the second half of 2026.

Infosys will have operational control over Versent Group, while Telstra will continue to retain a 25 percent minority stake.

With a team of 650 engineers, advisors, strategists spread across Australia, Versent Group strengthens Infosys’ local presence in Australia. Versent Group primarily serves large enterprise organizations with a big presence in government and education, financial institutions, energy, and the utilities sector.

Infosys has over 320,000 employees globally with clients in 59 countries.

Infosys’ Recent Acquisitions

In April, Infosys unveiled its plan to buy a pair of companies to boost its services capabilities.

Infosys acquired The Missing Link, a Sydney-based provider of cybersecurity services.

The company also acquired MRE Consulting, a Houston-based technology and business consulting service provider.

For fiscal year 2025, Infosys said it generated total revenue of $19.3 billion, up 4 percent compared to fiscal 2024.