CGI and Telia announce agreement for business services transfer and new strategic partnership

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HELSINKI, June 1, 2026 /CNW/ - CGI (TSX: GIB.A) (NYSE: GIB), one of the largest independent IT and business consulting services firms in the world, and technology company 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 scalable, secure services that leverage cloud technology, while Telia will support CGI's growth through secure data center infrastructure and network services.

With the new agreement, CGI strengthens its role as a pioneer in building secure and scalable IT environments in the region. Going forward, CGI will be able to offer its clients an even broader range of services to accelerate digital transformation and secure critical business data in line with their requirements. These CGI services range from Katakri 2020-certified high-security data centers to hybrid and public cloud environments. This expanded capability meets clients' growing demand for secure and scalable IT environments, and provides a strong foundation for automation, data-driven services and artificial intelligence (AI).

The partnership also supports Telia's strategic goal to focus on its core business and strengthen competitiveness in the long term.

"A key priority was to find a partner with whom we can ensure the continuity of our clients' business and create the conditions for leveraging new technologies," said Telia Cygate's CEO Matti Eloholma.

"As digital transformation accelerates and the geopolitical landscape shifts, organizations need greater flexibility and reliability in their IT environments," said Niraj Sood, President, Finland, Poland and Baltics operations at CGI. "The additional data center capacity that will become available to us – significant on a Nordic scale – and the high-security solutions available through this partnership help us meet clients' growing demand for secure and scalable IT environments that can handle enterprise AI integration. We thank Telia for their trust in entering into a strategic partnership with us. Once completed, we expect the transaction to open up new opportunities both for our clients and for the skilled professionals joining CGI."

Telia's Helsinki Datacenter is not included in the transaction.

About Telia

Telia Finland is a technology company that provides telecommunications, IT, and digital services to millions of consumer and business customers, as well as to the public sector. Telia employs approximately 3,000 people in Finland, and our customers have nearly 4.2 million subscriptions across our various services. Security is the foundation of everything we do. Telia strengthens critical infrastructure by investing approximately 200 million euros annually in Finland in nationwide telecommunications networks and secure ICT services.

Telia Finland is part of Telia Company, which operates in the Nordic and Baltic regions. Telia Company's revenue in 2025 was 7.3 billion euros. The company is committed to achieving net-zero emissions across its entire value chain by 2040. Learn more: www.telia.fi/medialle.

About CGI

Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 94,000 consultants and professionals across the globe, CGI 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. CGI works with clients through a local relationship model complemented by a global delivery network that helps clients digitally transform their organizations and accelerate results. CGI Fiscal 2025 reported revenue is CA$15.91 billion and CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB). Learn more at cgi.com.

Forward-looking information and statements

This press release contains "forward-looking information" within the meaning of Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 and other applicable United States safe harbours. All such forward-looking information and statements are made and disclosed in reliance upon the safe harbour provisions of applicable Canadian and United States securities laws. Forward-looking information and statements include all information and statements regarding CGI's intentions, plans, expectations, beliefs, objectives, future performance, and strategy, as well as any other information or statements that relate to future events or circumstances and which do not directly and exclusively relate to historical facts. Forward-looking information and statements often but not always use words such as "believe", "estimate", "expect", "intend", "anticipate", "foresee", "plan", "predict", "project", "aim", "seek", "strive", "potential", "continue", "target", "may", "might", "could", "should", and similar expressions and variations thereof. These information and statements are based on our perception of historic trends, current conditions and expected future developments, as well as other assumptions, both general and specific, that we believe are appropriate in the circumstances. Such information and statements are, however, by their very nature, subject to inherent risks and uncertainties, of which many are beyond the control of the Company, and which give rise to the possibility that actual results could differ materially from our expectations expressed in, or implied by, such forward-looking information or forward-looking statements. These risks and uncertainties include but are not restricted to: risks related to the market such as the level of business activity of our clients, which is affected by economic and political conditions, additional external risks (such as pandemics, armed conflict, climate-related issues, inflation, tariffs and/or trade wars) and our ability to negotiate new contracts; risks related to our industry such as competition and our ability to develop and expand our services to address emerging business demands and technology trends (such as artificial intelligence), to penetrate new markets, and to protect our intellectual property rights; risks related to our business such as risks associated with our growth strategy, including the integration of new operations, financial and operational risks inherent in worldwide operations, legal and operational risks inherent in contracting with government clients, foreign exchange risks, income tax laws and other tax programs, the termination, modification, delay or suspension of our contractual agreements, our expectations regarding future revenue resulting from bookings and backlog, our ability to attract and retain qualified employees, to negotiate favourable contractual terms, to deliver our services and to collect receivables, to disclose, manage and implement environmental, social and governance (ESG) initiatives and standards, and to achieve ESG commitments and targets, including without limitation, our commitment to reduce our carbon emissions, as well as the reputational and financial risks attendant to cybersecurity breaches and other incidents, including through the use of artificial intelligence, and financial risks such as liquidity needs and requirements, maintenance of financial ratios, our ability to declare and pay dividends, interest rate fluctuations and changes in creditworthiness and credit ratings; as well as other risks identified or incorporated by reference in this press release, in CGI's annual and quarterly MD&A and in other documents that we make public, including our filings with the Canadian Securities Administrators (on SEDAR+ at www.sedarplus.ca) and the U.S. Securities and Exchange Commission (on EDGAR at www.sec.gov). Unless otherwise stated, the forward-looking information and statements contained in this press release are made as of the date hereof and CGI disclaims any intention or obligation to publicly update or revise any forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. While we believe that our assumptions on which these forward-looking information and forward-looking statements are based were reasonable as at the date of this press release, readers are cautioned not to place undue reliance on these forward-looking information or statements. Furthermore, readers are reminded that forward-looking information and statements are presented for the sole purpose of assisting investors and others in understanding our objectives, strategic priorities and business outlook as well as our anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes.

Further information on the risks that could cause our actual results to differ significantly from our current expectations may be found in the section titled Risk Environment of CGI's MD&A for the three months and six months ended March 31, 2026 and 2025, which is incorporated by reference in this cautionary statement. We also caution readers that the risks described in the previously mentioned section and in other sections of CGI's MD&A for the three months and six months ended March 31, 2026 and 2025, and in our other documents and filings are not the only ones that could affect us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial could also have a material adverse effect on our financial position, financial performance, cash flows, business or reputation.

SOURCE CGI Inc.

For more information: Investors, Kevin Linder, Senior Vice-President, Investor Relations, [email protected], [phone]; Global Media, Andrée-Anne Pelletier, Manager, Global Media and Public Relations, [email protected], [phone]; Local Media, Kia Yliperttula, Communications Director, CGI Finland, [phone], [email protected]