Infosys to Buy Majority Stake in Telstra Cloud Unit for $153 Million
Infosys will buy a 75% stake in Telstra’s cloud services arm Versent Group for $153 million to boost its Australian presence, integrating AI and cloud platforms into the business.
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Indian IT services firm Infosys Ltd has agreed to buy a majority stake in Versent Group, the cloud services arm of Australia’s Telstra, in a deal valued at $153 million (about A$233.3 million).
The transaction serves as a strategic push by Infosys to deepen its presence in the Australian market, while allowing Telstra to sharpen its focus on its core connectivity business.
Infosys will assume operational control, with Telstra retaining a 25% minority stake, underscoring its ongoing confidence in Versent’s growth potential.
Versent Group, now part of this joint venture, brings together cloud‑native components such as Versent, Epicon, Telstra Purple Digital and Cloud Access products, and employs a 650‑strong team of engineers, advisors, and strategists serving blue‑chip sectors such as finance, energy, utilities, government and education
Revenue for fiscal 2025 stood at A$211.4 million.
Infosys said it will integrate its AI and cloud capabilities, including the Topaz AI platform, Cobalt cloud suite, and cybersecurity arm The Missing Link, into Versent’s cloud‑first foundation to deliver AI‑enabled digital transformation across Australian enterprises and government organizations.
The agreement, structured with an upfront payment of A$175 million and the balance tied to performance‑based earn‑outs, is expected to close in the second half of fiscal 2026, subject to approval from Australia’s Foreign Investment Review Board and Competition and Consumer Commission.
Telstra CEO Vicki Brady described the move as reinforcing their belief in the joint venture’s value.
Infosys CEO Salil Parekh called it an opportunity to “accelerate the innovation agenda for enterprises across the region.”
