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

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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.

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