Team Blitz India
BENGALURU: Infosys, and Liberty Global signed an initial five-year agreement worth 1.5 billion euros ($1.64 billion) on August 15 to evolve and scale the communications firm’s digital entertainment and connectivity platforms, according to a report in TheMint.
The companies have entered into an initial 5-year agreement, with an option to extend to 8 years and beyond. Infosys will provide services to Liberty Global estimated at 1.5 billion euros over the initial five-year term and at 2.3 billion euros if the contract is extended to 8 years, the companies said in a joint statement.
The collaboration allows Liberty Global to realize run-rate savings in excess of 100 million euros per annum, inclusive of other savings and technology investments, it added.
Building on their existing multi-year collaboration which has successfully supported Liberty Global’s technology services platforms since February 2020, the companies will significantly expand the program, with Infosys taking over build and operations of Liberty Global’s Horizon entertainment and connectivity platforms.