Infosys announced the acquisition of 100 per cent stake in Singapore Telecommunications Limited’s (Singtel) delivery center in Malaysia – Global Enterprise International Malaysia Sdn. Bhd. (GEIM).
According to the company’s exchange filing, “This is to inform that as part of a strategic partnership, Infosys Consulting Pte. Ltd., a wholly owned subsidiary of the Company 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.”
“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,” the filing said.
Incorporated in 2013, Global Enterprise International Malaysia Sdn. Bhd. (GEIM) is a step-down subsidiary of Singtel and is based in Kuala Lumpur, Malaysia. It acts as a delivery center to provide customer experience and technology services to Singtel.
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