CGI and Telia Sign Strategic Partnership Agreement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 01 2026
0mins
CGI and Telia have signed an agreement for a business transaction as well as a strategic partnership. Under the business transaction, Telia's cloud and capacity services for enterprises, as well as IT end-user services in Finland, will be transferred to CGI. At the same time, nearly 250 Telia employees will join CGI to support the ongoing development and delivery of these services. The transaction is subject to customary regulatory approvals. In addition, the companies are launching a strategic partnership through which CGI will support Telia's business operations with services that leverage cloud technology, while Telia will support CGI's growth through data center infrastructure and network services.
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Analyst Views on GIB
Wall Street analysts forecast GIB stock price to rise
7 Analyst Rating
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 66.070
Low
81.00
Averages
129.22
High
270.00
Current: 66.070
Low
81.00
Averages
129.22
High
270.00
About GIB
CGI Inc. is a Canada-based independent information technology (IT) and business consulting services company. It delivers an end-to-end portfolio of capabilities, from strategic IT and business consulting to systems integration, managed IT and business process services and intellectual property solutions. Its segments include Western and Southern Europe (France, Portugal and Spain); United States (U.S.) Commercial and State Government; U.S. Federal; Canada; Scandinavia, Northwest and Central-East Europe (primarily Sweden, Netherlands, Norway, Denmark and Czech Republic); United Kingdom (U.K.) and Australia; Germany; Finland, Poland and Baltics; and Asia Pacific Global Delivery Centers of Excellence (mainly India and Philippines) (Asia Pacific). It works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. It also has a presence in other European countries and Morocco.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Changing Client Demands: The study highlights that clients are increasingly consolidating towards trusted partners capable of providing business consulting, systems integration, and digital reengineering to deliver end-to-end business outcomes, reflecting a pressing need for modernized infrastructures.
- AI Execution Priority: CGI's CTO, Dave Henderson, emphasizes that with the acceleration of AI adoption, the focus for businesses has shifted to execution and value realization, aiding organizations in embedding AI into complex enterprise environments to achieve sustainable competitive advantages.
- Financial Performance Overview: CGI reported a revenue of CA$15.91 billion for fiscal 2025, indicating strong performance in the global IT and business consulting services sector, further solidifying its market leadership position.
See More
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- Market Evolution Trends: CGI's research indicates that 70% of executives view tech and digital acceleration as the most impactful macro trend, with increasing geopolitical complexity pressuring organizations to adapt, thereby driving the strategic need for digital engineering and reengineering.
- AI Adoption vs. Enterprise Readiness: Over the past two years, GenAI implementation has surged by 30 percentage points, with 62% of organizations applying AI to core business processes; however, only 20% extend their AI strategy across their broader ecosystem, highlighting a gap between readiness and adoption.
- Talent and Execution Challenges: Nearly 70% of executives report difficulties in recruiting IT talent, with 52% indicating that talent shortages significantly impact program execution, leading organizations to increasingly adopt selective managed services models to enhance delivery capacity and support scalable AI transformation.
- Strategic Importance of Digital Transformation: CGI's CEO emphasizes that modernizing foundational systems is crucial for effectively applying AI, as organizations must align technology, people, and processes to achieve measurable business outcomes and drive sustainable competitive advantage.
See More
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- Partnership Announcement: CGI and Entersekt have formed a partnership in Norway to enhance 3-D Secure (3DS) authentication for issuing banks in the Nordic region, combining CGI's digital banking expertise with Entersekt's advanced authentication technology to strengthen market competitiveness.
- First Client Implementation: Norion Bank has become the first joint client, successfully implementing the 3DS service as part of CGI PayPartner360, showcasing the effectiveness of the collaboration in enhancing financial security.
- Flexible Deployment: The new system can be deployed independently of existing card systems, providing banks with the flexibility to enhance authentication capabilities without major infrastructure changes, thereby improving customer experience and security.
- Market Impact: This partnership not only enhances fraud prevention capabilities in the Nordic region but also helps issuers provide personalized authentication experiences, increasing customer trust and satisfaction while maintaining seamless payment processes.
See More
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- Investor Tool Recommendation: Traders are encouraged to download the NYSE TV app to access the latest market dynamics and IPO activities, further enhancing their market participation capabilities and information acquisition efficiency.
See More
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- Data Processing Optimization: The new platform reduces duplicate data entry and streamlines processes across agencies, lowering technical debt and risk while ensuring a secure cloud environment with standardized workflows, enhancing visibility into workforce operations.
- Improved Employee Experience: Utah state employees now benefit from intuitive self-service tools and mobile capabilities, enjoying smoother onboarding processes and more reliable payroll and leave management, which enhances overall job satisfaction.
- Enhanced Decision Support: The new system provides advanced analytics and reporting capabilities, aiding state government in making more informed decisions regarding payroll, grants, and budget management, further supporting future workforce needs.
See More
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- Employee Integration: The transaction will see nearly 250 Telia employees join CGI, supporting the ongoing development and delivery of services, thereby enhancing CGI's service capabilities and market responsiveness.
- Strategic Partnership: CGI will leverage Telia's secure data center infrastructure and network services to support Telia's business operations, while Telia will assist CGI's growth, creating a win-win situation for both companies.
- Market Demand Response: Through this transaction, CGI expands its service capabilities in high-security data centers and cloud environments to meet the growing demand for secure and scalable IT environments from clients, further driving digital transformation.
See More
