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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HCLTech to buy telco solutions business from HPE



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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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