Telstra Group (ASX:TLS) and New York Stock Exchange-listed Accenture plan to form a global joint venture (JV) to accelerate Telstra's data and artificial intelligence (AI) strategy, improve customer experience, and enhance operational efficiency, the companies said in a joint statement Wednesday.
The seven-year JV will be 60% owned by Accenture and 40% by Telstra, with Telstra maintaining control over its data and AI roadmap, the companies said. Accenture will invest AU$3 billion in assets, partnerships, and AI technologies, among others.
The JV aims to use agentic AI to streamline business processes and develop AI tools to boost data and AI fluency across Telstra's workforce, the companies said.
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