Telstra Sells 75% Stake in Versent Group to Infosys in $153M Deal to Accelerate Enterprise Transformation

Australian telecom firm, Telstra, has announced a landmark strategic partnership with Infosys, under which the Indian IT giant will acquire a 75% stake in Versent Group for AUD 233.3 million (USD 153 million). The move marks a significant step in Telstra’s “Connected Future 30” strategy, aimed at sharpening its enterprise focus and accelerating digital transformation across Australia and New Zealand.

Deal Overview

• Stake Divested: 75% of Versent Group to Infosys
• Valuation: AUD 233.3 million (USD 153 million)
• Telstra’s Retained Stake: 25%
• Expected Closure: H2 FY2026, pending regulatory approvals
• Payment Structure: AUD 175 million upfront + performance-based deferred payments
• Financial Impact: No material gain/loss expected for Telstra

Strategic Objectives

The partnership will establish a joint venture focused on delivering AI-enabled cloud solutions to large enterprises and government agencies. Infosys will gain operational control of Versent Group, which includes:

• Versent
• Epicon
• Telstra Purple Digital
• Cloud Access products

Together, these units comprise a 650-member team of engineers, strategists, and advisors serving sectors such as finance, energy, utilities, education, and government.

Combined Capabilities

The joint venture will integrate:

• Telstra’s connectivity and local market reach
• Versent’s cloud-native engineering and agility
• Infosys’s global scale, AI platform Topaz, cloud suite Infosys Cobalt, and cybersecurity arm The Missing Link

This synergy is expected to deliver end-to-end digital transformation solutions, with both companies referring and leveraging each other’s offerings.

Vicki Brady, CEO, Telstra:

This partnership reflects our confidence in the growth potential of Versent Group and the value unlocked through collaboration with Infosys. It accelerates our ability to deliver cutting-edge solutions to customers across the region.

Salil Parekh, CEO, Infosys:

We’re excited to bring transformative AI-first capabilities to complement Versent’s cloud-first foundation. This venture will accelerate innovation for enterprises and government corporations in Australia and New Zealand.

Versent Group will retain its brand identity and operate as a stand-alone business under the joint venture structure. The deal builds on prior collaborations between Infosys and Telstra, including a 2024 multi-year software engineering agreement and a 2025 partnership with Telstra International.