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Hewlett Packard Enterprise | HCL Tech buys telecom assets of Hewlett Packard Enterprise for $225 million

HPE's Communications Technology Group to transition to HCLTech in $225 Million deal

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 to Buy HPE Unit for $225 Million, Targets Telecom Market Expansion

In an exchange filing on May 23, IT giant HCLTech announced its plans to acquire specific assets of Hewlett.

HCLTech to acquire certain assets of HPE's Communication Technology Group for Rs 1,874 crore, ET Telecom

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 to Acquire Hewlett Packard Enterprise's Communications Technology Group for $225 Million

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.