HCLTech Forges Ahead in Engineering Services to global Communication Services Providers (CSPs) with purchase of Communications Technology Group assets from Hewlett Packard Enterprise (HPE)

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HCLTech plans to expand its strategic partnership further with HPE

www.hcltech.com/, May. 23, 2024 – 

NEW YORK and NOIDA, India, May 23, 2024 - HCLTech (NSE: HCLTECH), a leading global technology company, today announced it will extend its leadership in the telecom services market with Hewlett Packard Enterprise (NYSE: HPE), carving out certain Communications Technology Group (CTG) assets to HCLTech. Through this arrangement, HCLTech will acquire industry-leading intellectual property(IP), Engineering and R&D talent and client relationships with top global Communication Service Providers (CSPs).

HCLTech will gain a portfolio of service offerings that includes industry-leading IP, solutions and systems integration around Business Support Systems (BSS), network applications, service cloudification and data intelligence. These capabilities will also complement HCLTech's existing highly digitized services with artificial intelligence (AI), Internet of Things (IoT), and data-driven models; enhanced efficiency; frictionless integration; and an end-to-end partner ecosystem.

HPE will retain the part of its former CTG business focused on Operations Support Systems (OSS). The Telco Solutions group, which sits within HPE Aruba Networking, is a leader in OSS, orchestration and assurance -- as well as public 5G SDM and private 5G networking -- and will continue to deliver value for HPE's telco customers and partners.

This transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in 6 to 9 months.

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