IT
HCLTech to buy telco solutions business from HPE
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HCLTech, India’s third-largest IT services firm, on Thursday announced that it has signed an agreement to purchase the telco solutions business of US-headquartered Hewlett Packard Enterprise (HPE) for up to $160 million (about Rs 1,440 crore) in cash.
The deal is structured as an asset carve-out, including $15 million in incentives based on its 2024-25 performance, with the transaction expected to be completed in six months. The acquisition follows the service provider’s $225 million asset purchase from HPE’s communication technology group in…
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