Liberty Global and Infosys Forge Multi-Billion Dollar Partnership for Next-Gen Digital Entertainment and Connectivity
Liberty Global PLC (LBTYA) and Infosys Ltd (INFY) have unveiled a major expansion of their partnership aimed at revolutionizing digital entertainment and connectivity platforms while ensuring cost efficiency. The collaboration is set to reshape the industry and offer advanced services to millions of new customers around the world.
The two powerhouse companies have solidified their commitment with an initial 5-year deal, presenting the possibility of extending it to a remarkable 8 years and beyond. This long-term agreement highlights the shared vision of driving innovation and delivering unparalleled experiences to customers.
Under the terms of this collaboration, Infosys is poised to provide services to Liberty Global, amounting to an impressive €1.5 billion during the initial 5-year period. If the partnership evolves into an 8-year span, the contract value will soar to a staggering €2.3 billion. The financial prowess of this deal underscores the significance of the undertaking for both companies.
Liberty Global anticipates substantial annual run-rate savings exceeding €100 million. These savings, coupled with strategic technology investments, will pave the way for streamlined operations and further advancements in the digital entertainment landscape.
The collaboration between Liberty Global and Infosys is not a spur-of-the-moment decision. Their partnership dates back to February 2020, marking the beginning of a transformative journey. The extension of this collaboration showcases the trust and synergy that have developed between the two industry leaders.
One of the most exciting outcomes of this partnership is the potential to introduce millions of new customers to cutting-edge digital entertainment and connectivity services through the innovative platform known as Horizon. This offering will redefine how individuals experience entertainment and connectivity on a global scale, setting a new benchmark for the industry.
This collaboration is not just about technology and financial gains; it's about creating opportunities. Over 400 employees from Liberty Global are set to join Infosys, generating fresh avenues for career growth and cross-pollination of expertise. This infusion of talent will undoubtedly contribute to the success of the joint venture.
Salil Parekh, CEO & MD of Infosys, emphasized the transformative potential of this collaboration, stating, "We are excited to bring Infosys Topaz™ to enable transformative AI-first capabilities to complement the cloud-first digital foundation we have laid for Liberty Global using Infosys Cobalt. This will unveil a new chapter in our joint journey of innovation as we reimagine entertainment and the connectivity experience for millions of global consumers. The strength of our global operations will also help the business scale across markets."
In conclusion, the Liberty Global and Infosys collaboration marks a monumental stride in the world of digital entertainment and connectivity. With financial prowess, technological innovation, and a shared vision for the future, these industry giants are set to reshape the landscape for years to come. Stay tuned for more updates on this dynamic partnership that promises to redefine how the world experiences entertainment and connectivity.
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