Hewlett Packard Enterprise | HCL Tech buys telecom assets of Hewlett Packard Enterprise for $225 million telegraphindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from telegraphindia.com Daily Mail and Mail on Sunday newspapers.
HCLTech announced its $225 million all-cash deal to acquire assets of Hewlett Packard Enterprise s Communications Technology Group (CTG). This strategic move is expected to bolster HCLTech s telecom services by integrating top engineering talent and advanced IP from CTG
HCLTech: The deal will strengthen HCL Technologies presence in telecom vertical by expanding its engineering services and leveraging CSS IP, solutions and talent at leading CSPs in Europe, Japan, Americas and APAC region, including 20 of the top-30 CSPs globally.
HCLTech announced the acquisition of Hewlett Packard Enterprise's Communications Technology Group (CTG) for USD 225 million. The deal will involve the transfer of around 1,500 employees and 700 contractors across various countries, enhancing HCLTech's telecom engineering capabilities. The transaction is pending regulatory approvals and expected to close in six to nine months.