HCLTech to Acquire Telco Solutions Business from Hewlett Packard Enterprise (HPE) for up to $160 Million

HCLTech, a leading global technology company, has signed an agreement to purchase HPE’s Telco Solutions business. This acquisition will further strengthen HCLTech’s market-leading position in the telecom industry, providing industry-leading intellectual property (IP), product engineering and R&D talent, and client relationships with top global Communication Service Providers (CSPs). The acquisition will accelerate network transformation, Network as a Service (NaaS), and Al-led autonomous networking. Approximately 1,500 engineering and telecom specialists from 39 countries will join HCLTech’s global delivery team. This transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in approximately six months.