Infosys buys Singtel’s Malaysia delivery centre

Bengaluru: Infosys Consulting, a wholly-owned subsidiary of India’s second-largest IT services firm Infosys, has acquired Singaporean telecom major Singtel’s delivery centre in Malaysia as it looks to broaden its presence in the communications, media and technology (CMT) vertical in the South East Asia region.

Announced in a stock market filing on Wednesday, Infosys said that it is acquiring 100% share capital in Global Enterprise International Malaysia Sdn. Bhd. for a cash consideration of 6 million Singapore Dollars (approx Rs 33.32 crore). The deal is expected to be completed by December 2021, Infosys said.

“As part of a strategic partnership, Infosys is acquiring 100% of the share capital of Singapore Telecommunications Limited’s (“Singtel”) delivery center in Malaysia - Global Enterprise International Malaysia Sdn. Bhd. to bolster Infosys’ presence in Malaysia, a strategic delivery and sales hub in South East Asia for global clients,” Infosys said in a statement.


Infosys further added that the deal will not require and government or regulatory approvals and would not fall within the definition of a related party transaction.

Incorporated in 2013, Global Enterprise International Malaysia is a step down subsidiary of Singtel that provided it with customer experience and technology services, and reported a revenue of Malaysian Ringgit (MYR) 67.4 million (approx INR 118 crore) in the year that ended March 31, 2021.