Infosys will acquire a 75% stake in Telstra's Versent Group for approximately $153 million to launch an AI-led cloud and digital joint venture aimed at Australian enterprises and public sector agencies. Infosys will hold operational control with 75% ownership, while Telstra retains a 25% minority stake. The JV blends Telstra's connectivity footprint, Versents local engineering depth and Infosys global scale and AI stack. With Topaz and Cobalt, Infosys can pair model development and orchestration with landing zones, FinOps, and MLOps on major hyperscaler platforms. Closing is expected in the second half of FY 2026, subject to regulatory approvals and customary conditions.