India, Aug. 18 -- Infosys has announced the formation of a joint venture with Telstra, one of Australia's major telecommunications and technology providers. The partnership is intended to support the delivery of AI-enabled cloud and digital solutions to Australian businesses.

As part of the agreement, Infosys will acquire a 75% stake in Versent Group, a digital transformation solutions provider and wholly owned subsidiary of Telstra Group. Telstra will retain a 25% minority shareholding. Infosys will assume operational control of Versent Group, while the continued involvement of Telstra signals a joint commitment to leveraging their combined capabilities, Telstra's connectivity, Versent's local digital engineering expertise, and Infosys'...