LONDON and DENVER,
Colo., Aug. 15, 2023 /PRNewswire/ -- Liberty
Global plc ('Liberty Global') (NASDAQ: LBTYA), (NASDAQ: LBTYB)
(NASDAQ: LBTYK), one of the world's leading converged video,
broadband and communications companies, and Infosys (NSE: INFY),
(BSE: INFY), (NYSE: INFY), a global leader in next-generation
digital services and consulting, today announced that they have
expanded their collaboration to evolve and scale Liberty Global's
cutting-edge digital entertainment and connectivity platforms.
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 award-winning
Horizon entertainment and connectivity platforms. By bringing the
scale and breadth of Infosys, including cutting-edge technologies
such as Infosys Topaz™ AI offering, the expanded
collaboration ensures continued operational excellence, a highly
scalable development engine for new features and capabilities, and
efficiencies for Liberty Global.
The parties 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 €1.5bn over the initial
5-year term and at €2.3bn if the contract is extended to 8 years.
The collaboration allows Liberty Global to realize run-rate
savings in excess of €100
million per annum, inclusive of other savings and technology
investments.
In addition, Liberty Global is licensing these platforms to
Infosys so the digital services provider can offer best-in-class
services to new operators and new markets outside the Liberty
Global family. This will potentially enable millions of new
customers, around the world, to experience next-generation digital
entertainment and connectivity services through Horizon for the
first time. Liberty Global will continue to control product
roadmaps and retain all intellectual property for the Horizon
entertainment and connectivity platforms.
The expanded collaboration will additionally create exciting
career opportunities for more than 400 Liberty Global employees
joining Infosys, who will benefit from its global scale and reach.
Under the terms of the business arrangements, senior executives and
technology teams from Liberty Global's Product, Technology
Development Service Delivery Group, Network & Shared Operations
and Security Groups will transition to Infosys. They will benefit
from global business exposure, scale, and wider career advancement
opportunities. They will also play an important role in shaping the
future of Infosys' communications, media and entertainment business
and add significantly to its engineering capabilities.
Mike Fries, CEO, Liberty Global, said, "Strengthening
and expanding our collaboration with Infosys gives our
best-in-class solutions new scale with the ability to reach many
more markets and bring positive experiences to more customers. And
while it produces substantial central cost savings over time, it
also provides excellent opportunities for our talent to grow their
specialist skills and nurture impactful careers with Infosys. We
look forward to working together to accelerate innovation and make
our entertainment solutions even more powerful and engaging as new
generations of digital-first customers continue to demand more from
us all."
Salil Parekh, CEO & MD,
Infosys, said, "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. As we prepare to welcome new talent and teams of
innovators to Infosys, we look forward to building on the trust
that Liberty Global has in us."
Enrique Rodriguez, CTO,
Liberty Global, said, "Our
collaboration with Infosys started a few years ago, and since then
we've made great progress in jointly establishing our best-in-class
entertainment and connectivity platforms. This expansion of our
relationship is the right next step to further strengthen the
performance of our digital-first entertainment and connectivity
solutions, scale their reach and impact, even as we chart the next
round of innovations that we will drive together."
Anand Swaminathan, Executive
Vice President – Global Head of Communications, Media &
Technology, Infosys, added, "Infosys' collaboration
with Liberty Global will deliver state-of-the-art, AI-powered
entertainment solutions-as-a-service that will bring great
flexibility to 10 million Liberty Global customers. We will also
offer these platforms as a powerful choice to other telecom
clients. We are excited to welcome Liberty Global's specialist
talent to Infosys to deliver on this ambitious program."
Here is a video featuring Anand Swaminathan, EVP and Global Head of
Communications, Media, and Technology at Infosys, and Enrique Rodriguez – EVP and CTO of Liberty
Global.
The agreement is subject to regulatory approvals and
consultations with relevant Works Councils.
About Liberty Global
Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is a world
leader in converged broadband, video and mobile communications
services. We deliver next-generation products through advanced
fiber and 5G networks, and currently provide over 85 million
connections* across Europe and the
United Kingdom. Our businesses
operate under some of the best-known consumer brands, including
Virgin Media-O2 in the U.K., VodafoneZiggo in The Netherlands, Telenet in Belgium, Sunrise in Switzerland, Virgin Media in Ireland and UPC in Slovakia. Through our substantial scale and
commitment to innovation, we are building Tomorrow's Connections
Today, investing in the infrastructure and platforms that empower
our customers to make the most of the digital revolution, while
deploying the advanced technologies that nations and economies need
to thrive.
Our consolidated businesses generate annual revenue of more than
$7 billion, while the VMO2 JV and
VodafoneZiggo JV generate combined annual revenue of more than
$17 billion.**
Liberty Global Ventures, our global investment arm, has a
portfolio of more than 75 companies across content, technology and
infrastructure, including strategic stakes in companies like ITV,
Televisa Univision, Plume, AtlasEdge and the Formula E racing
series.
* Represents aggregate consolidated and 50% owned
non-consolidated fixed and mobile subscribers. Includes wholesale
mobile connections of the VMO2 JV and B2B fixed subscribers of the
VodafoneZiggo JV.
** Revenue figures above are provided based on full year
2022 Liberty Global consolidated results (excluding revenue from
Poland) and the combined as
reported full year 2022 results for the VodafoneZiggo JV and full
year 2022 U.S. GAAP results for the VMO2 JV. For more information,
please visit www.libertyglobal.com.
About Infosys
Infosys is a global leader in next-generation digital services
and consulting. Over 300,000 of our people work to amplify human
potential and create the next opportunity for people, businesses
and communities. We enable clients in more than 56 countries to
navigate their digital transformation. With over four decades of
experience in managing the systems and workings of global
enterprises, we expertly steer clients, as they navigate their
digital transformation powered by cloud and AI. We enable them with
an AI-first core, empower the business with agile digital at scale
and drive continuous improvement with always-on learning through
the transfer of digital skills, expertise, and ideas from our
innovation ecosystem. We are deeply committed to being a
well-governed, environmentally sustainable organization where
diverse talent thrives in an inclusive workplace.
Visit www.infosys.com to see how Infosys (NSE, BSE,
NYSE: INFY) can help your enterprise navigate your next.
Safe Harbor
Certain statements in this release concerning our future growth
prospects, or our future financial or operating performance are
forward-looking statements intended to qualify for the 'safe
harbor' under the Private Securities Litigation Reform Act of 1995,
which involve a number of risks and uncertainties that could cause
actual results or outcomes to differ materially from those in such
forward-looking statements. The risks and uncertainties relating to
these statements include, but are not limited to, risks and
uncertainties regarding the execution of our business strategy, our
ability to attract and retain personnel, our transition to hybrid
work model, economic uncertainties, technological innovations such
as Generative AI, the complex and evolving regulatory landscape
including immigration regulation changes, our ESG vision, our
capital allocation policy and expectations concerning our market
position, future operations, margins, profitability, liquidity,
capital resources, and our corporate actions including
acquisitions. Important factors that may cause actual results or
outcomes to differ from those implied by the forward-looking
statements are discussed in more detail in our US Securities and
Exchange Commission filings including our Annual Report on Form
20-F for the fiscal year ended March 31,
2023. These filings are available at www.sec.gov.
Infosys may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
Company's filings with the Securities and Exchange Commission and
our reports to shareholders. The Company does not undertake to
update any forward-looking statements that may be made from time to
time by or on behalf of the Company unless it is required by
law.
For more information
Liberty Global
Investor
Relations Corporate
Communications
Michael Bishop
+44 20 8483
6246 Bill
Myers +1 303 220 6686
Amy Ocen +1 303 784
4528 Matt
Beake +44 20 8483 6428
Michael Khehra +44 78 9005 0979
Infosys:
For more information, please
contact: PR_Global@infosys.com
Logo:
https://mma.prnewswire.com/media/2185497/Liberty_Global_Logo.jpg
Logo:
https://mma.prnewswire.com/media/633365/4219968/Infosys_Logo.jpg
View original content to download
multimedia:https://www.prnewswire.com/news-releases/liberty-global-and-infosys-expand-strategic-collaboration-to-bring-ai-powered-digital-entertainment-to-customers-worldwide-and-drive-significant-efficiencies-on-technology-costs-301900616.html
SOURCE Infosys