Liberty Global and Infosys have announced an expansion of their collaboration in a deal worth €1.5 billion ($1.63 billion). The partnership aims to scale Liberty Global’s digital entertainment and connectivity platforms over the next five years. If extended to eight years, the contract’s value will increase to €2.3 billion. Under the agreement, senior executives and technology teams from Liberty Global will transition to Infosys. This collaboration will offer career opportunities for over 400 Liberty Global employees joining Infosys. The deal allows Liberty Global to achieve significant cost savings and technological investments. By leveraging Infosys’ scale and expertise, Liberty Global aims to enhance its digital entertainment services and expand its customer base globally. The agreement is subject to regulatory approvals and consultations. Both companies are excited about the opportunities the partnership brings and look forward to collaborating on innovation in the digital entertainment industry.
Frequently Asked Questions (FAQs) Related to the Above News
What is the purpose of the collaboration between Liberty Global and Infosys?
The collaboration aims to scale Liberty Global's digital entertainment and connectivity platforms over the next five years, with the potential for extension to eight years.
What is the financial value of the deal?
The initial five-year deal is worth €1.5 billion ($1.63 billion). If extended to eight years, the contract's value will increase to €2.3 billion.
What does the agreement entail for Liberty Global executives and technology teams?
Under the agreement, senior executives and technology teams from Liberty Global will transition to Infosys.
How many Liberty Global employees will have career opportunities with Infosys?
Over 400 Liberty Global employees will have career opportunities with Infosys as part of this collaboration.
What benefits does this collaboration offer to Liberty Global?
The collaboration allows Liberty Global to achieve significant cost savings and make technological investments to enhance its digital entertainment services.
How does Liberty Global plan to leverage Infosys' expertise?
By leveraging Infosys' scale and expertise, Liberty Global aims to enhance its digital entertainment services and expand its customer base globally.
What are the next steps for this collaboration?
The agreement is subject to regulatory approvals and consultations before it can be fully implemented.
How do both companies feel about this partnership?
Both Liberty Global and Infosys are excited about the opportunities the partnership brings and look forward to collaborating on innovation in the digital entertainment industry.
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