• Telstra enters strategic partnership with Infosys, selling 75% stake in Versent Group
• Versent Group to retain brand, operate as standalone business
• Telstra to retain 25% minority stake, sees strategic value in Infosys partnership

Telstra has announced it has entered into a strategic partnership with Infosys, a global leader in digital services and consulting, through the sale of a 75% stake in Versent Group. The move is part of Telstra's Connected Future 30 strategy to focus on core connectivity and reset its Enterprise business. Versent Group, under Telstra, is the integration of Versent, Epicon, Telstra Purple Digital and associated Cloud Access products, delivering cloud-native and digital transformation expertise. Telstra CEO Vicki Brady said the partnership with Infosys will unlock value, with Infosys' global scale, industry knowledge and innovation capabilities set to accelerate Versent Group's growth and impact across the region. Customers will continue to benefit from Telstra's leading connectivity and Versent Group's local agility, now enhanced by Infosys' global capabilities. Telstra will retain a 25% minority stake in Versent Group, reaffirming its conviction in the market opportunity and strategic value of the Infosys partnership. Infosys CEO Salil Parekh said the collaboration will enable transformative AI-first solutions to complement Versent Group's cloud-first digital foundation. The value of the agreement is $233 million for the 75% stake sale, with Telstra retaining a 25% interest. The deal is not expected to result in any material gain or loss to Telstra.

Versent Group revenue in FY25 is $397 million, subject to final adjustments, which Telstra will deconsolidate on completion.