Infosys on Tuesday said that it has bagged a €1.5 billion ($1.64 billion) deal from Liberty Global to build and scale the entertainment and connectivity platforms of the digital communications firm. The agreement has an initial tenure of five years which can be extended to eight years, which would take the deal value to €2.3 billion ($2.5 billion), the company said.
This is third big agreement, which Infosys has clinched this year and comes at a time when the company has cut its revenue guidance for the current fiscal amidst tough macro economic conditions. The development also highlights the growing focus of IT firms on the telecom business.
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