Infosys gains nearly 2% as company inks $1.64 billion deal with Liberty Global; here is what JP Morgan says

 Infosys share price: The 5-year agreement, which has an option to be extended to 8 years and beyond, will have Infosys taking over the operations of the UK-headquartered company's entertainment and connectivity platforms, with its AI offering Infosys Topaz.

Representative image. Source: Reuters

Infosys share price: Days after HCL Technologies announced a mega deal with Verizon, a leading telecom company in the US, Infosys announced on August 15 (Tuesday) that it had signed a 1.5 billion euro ($1.64 billion) agreement with Liberty Global to evolve and scale the latter's digital entertainment and connectivity platforms.

The stock of Infosys rallied as much as 1.81 per cent to Rs 1,419 on the BSE in the opening deals on Wednesday. It finally ended at Rs 1,418.50 on the BSE, up 1.78 per cent.


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