Infosys buys UK's Axon in cash deal

Infosys Technologies launched the biggest overseas acquisition by an Indian IT outsourcing company with a £407.1m ($755.5m) cash deal for UK-based consultancy Axon Group, according to the Financial Times.

Indian outsourcing companies are moving up the value chain from their origins as providers of low-cost services based on cheap, highly skilled, English-speaking labour.

Last year, Wipro, the number three outsourcing company, bought US firm Infocrossing, which specialises in data and IT infrastructure, for US$600 million (€408.5 million).

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.