HCLTech to acquire HPE's telco solutions for $160 million
pre-market1 source ↓written by the desknot a recommendation
- $160 million
- performance incentive
- $15 million
- globally
- 1 billion devices
HCL Technologies has signed a definitive agreement to acquire Hewlett Packard Enterprise's Telco Solutions business for up to $160 million. This all-cash deal includes a $15 million performance incentive for FY2025 and is expected to close in about six months, pending regulatory approvals. This acquisition enhances HCLTech's portfolio, supporting over 1 billion devices globally.
Not investment advice. For informational purposes only.