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Infosys subsidiary to acquire Singtel's Malaysia delivery centre

The cost of the transaction is "up to 6 million Singapore dollars, including the value of net assets, subject to customary closing adjustments", Infosys said in a regulatory filing

Topics
Infosys  | Malaysia | Singtel

Press Trust of India  |  New Delhi 

Infosys
Photo: Shutterstock

IT major on Wednesday said its subsidiary, Consulting, is acquiring Singtel's delivery centre in

The cost of the transaction is "up to 6 million Singapore dollars, including the value of net assets, subject to customary closing adjustments", said in a regulatory filing.

"As part of a strategic partnership, Infosys is acquiring 100 per cent of the share capital of Singapore Telecommunications Limited's (Singtel) delivery centre in - Global Enterprise International Sdn Bhd to bolster Infosys' presence in Malaysia, a strategic delivery and sales hub in South East Asia for global clients," it said.

This move also aligns with Infosys' long-term strategy for Communications, Media, and Technology (CMT) vertical including platform-led transformation of Customer and Service Experience for clients, it added.

Incorporated in 2013, Global Enterprise International Malaysia Sdn Bhd (GEIM) is a step-down subsidiary of and is based in Kuala Lumpur, Malaysia.

It acts as a delivery centre to provide customer experience and technology services to Its revenue stood at 67.4 million Malaysian Ringgit in the fiscal ended March 2021.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, December 15 2021. 18:01 IST
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