Infosys bags $50 million deal from AT&T: Report

Infosys has reportedly bagged a $50-million deal from telecom giant AT&T, with the Bangalore-based software exporter expecting the telecom player to become its first $100-million customer from Europe and the US in the coming years. The deal will see Infosys providing support for billing and Web solutions for three years to AT&T on a pay-peruse model, thereby helping Infosys' telecom vertical break into European markets. This deal comes at a time when Infosys aims to scale-up its presence in the European continent as the telecoms space continues to witness muted growth in the US. Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.