HCLTech has signed an agreement to purchase HP Enterprise’s (HPE) Telco Solutions business, further strengthening its market-leading position in the telecom industry. Following an earlier transaction with HP Enterprise in 2024, HCLTech will, through this new acquisition agreement, further gain industry-leading intellectual property, product engineering and R&D talent, and client relationships with top global Communication Service Providers, the company said. As part of this agreement, nearly 1,500 engineering and telecom specialists from 39 countries will join HCLTech’s global delivery team to help scale the business. This transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in approximately six months.
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