HCLTech office. Image for representational purpose.
Credit: Reuters Photo
Bengaluru: Tech company HCLTech on Thursday announced that it will acquire Hewlett Packard Enterprise (HPE’s) Telco Solutions business for over Rs 1,400 crore ($160 million). This includes $15 million of incentives based upon FY25 performance, the company said in a BSE filing.
HCLTech will leverage the expanded engineering capability and the acquired intellectual property to accelerate 5G network transformation, network cloudification and Network as a Service (NaaS), among others.
Following an earlier transaction with HPE in 2024, HCLTech will, through this new acquisition agreement, further gain industry-leading intellectual property (IP), product engineering and R&D talent, and client relationships with top global Communication Service Providers (CSPs).
Telco Solutions supports more than 1 billion devices through its solutions, and it was formerly part of HPE’s Communications Technology Group (CTG), from which HCLTech acquired certain assets in 2024.
The tech company said it will leverage this expanded capability to accelerate network transformation, Network as a Service (NaaS) and AI-led autonomous networking. As part of this agreement, about 1,500 engineering and telecom specialists from 39 countries will join HCLTech’s global delivery team to help scale the business.
HCLTech chief growth officer and global head of telecom, media, publishing & entertainment and technology (TMT) Anil Ganjoo said, "Integrating this highly skilled HPE team and their market-proven IP strengthens our product-aligned model and accelerates our shift toward higher-value, IP-led services and non-linear growth.”