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Infy in $1.6 bn deal with telco Liberty Global
Information technology major Infosys and Liberty Global, a London-based telecom firm, signed a €1.5 billion (about $1.64 billion) deal for five years to evolve and scale up the telco's digital entertainment and connectivity platforms, the companies said in a joint statement on Tuesday. As part of the expanded collaboration agreement, the size of the contract will touch €2.3 billion (about $2.5 billion) if extended to 8 years. The collaboration allows Liberty Global to realise run-rate savings of over €100 million (about $109 million) per annum, inclusive of other savings and technology investments, Infosys said in a statement.