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India's Infosys to Buy 75% Stake in Telstra Unit for $153 Million

Infosys will have operational control of Versent Group after acquiring 75% stake for AUD 233.25 million to boost AI-led cloud and digital transformation for Australian enterprises.

  • On August 13, 2025, Infosys acquired the 75% stake in Versent Group, a Telstra subsidiary, to establish an AI-led cloud joint venture for Australian enterprises.
  • Strategic rationale underlines that the JV will leverage Versent Group's cloud expertise with Infosys' AI platform Topaz, Cobalt suite, and The Missing Link's cybersecurity to transform Australian enterprises and government agencies.
  • Valued at AUD 233.25 million, the deal requires approvals from Australia's Foreign Investment Review Board and ACCC before closing in the second half of FY26.
  • Following the acquisition, Infosys gains operational control of the Melbourne-headquartered firm while Telstra retains a 25% stake and Versent employs 75 engineers, strategists, and advisors.
  • Investors will watch whether investments in AI and infrastructure translate into top and bottom-line growth, analysts say.
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17 Articles

Live MintLive Mint
Center

Infosys acquires majority stake in Australian IT firm for $150 million

In its third acquisition in six months, Infosys is buying 75% of Versent in a JV with Telstra, signalling an acquisition-led growth push amid muted client spending and big-deal scarcity.

·New Delhi, India
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WA todayWA today
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Telstra shares fall after mobile miss

The nation’s largest telco has slashed costs and sold the majority of its cloud computing unit to an Indian tech giant.

·Northbridge, Australia
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The Hindu Business LineThe Hindu Business Line
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Infosys to acquire 75% stake in Telstra’s Versent Group for $153 million

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

·New Delhi, India
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MoneycontrolMoneycontrol
Lean Right

Infosys acquires 75% stake in Telstra’s Versent Group to set up AI-led cloud JV

Valued at AUD 233.25 mn (over Rs 1,300 crore), the JV will combine Telstra’s connectivity, Versent’s local digital engineering expertise, and Infosys’ global scale in AI and cloud.

·India
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Channel News AsiaChannel News Asia
Center

India's Infosys to buy 75% stake in Telstra unit for $153 million

Indian IT services company Infosys said on Wednesday that it would take a 75 per cent stake in Versent Group, a wholly owned unit of Australia's Telstra Group, for A$233.3 million ($153 million). Versent Group provides cloud services to Australian organisations in sectors such as finance, energy, utilities, g

·Singapore
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The New Indian ExpressThe New Indian Express
Lean Left

Infosys to acquire 75% stake in Australia’s Versent Group for Rs 1,300 crore

Versent Group is a leading digital transformation solution provider and wholly owned subsidiary of Australia’s Telstra Group

·India
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The New Indian Express broke the news in India on Wednesday, August 13, 2025.
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