HCLTech to acquire HPE’s telco solutions business for up to $160 million
IT services major HCLTech on Thursday said it has signed a definitive agreement to acquire the telco solutions business of Hewlett Packard Enterprise (HPE) for a cash consideration of up to $160 million, including $15 million of performance-linked incentives based on FY25. The acquisition is aimed at strengthening HCLTech’s engineering and AI-led network offerings for global communication service providers (CSPs).
