HCLTech, a leading global technology company, has announced it will extend its leadership in the telecom services market with Hewlett Packard Enterprise, 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).
As part of this agreement, approximately 1,500 employees of CTG with telecom industry experience will transfer to HCLTech in various countries — including Spain, Italy, India, Japan and China to service clients globally.
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.
“With this transaction and our planned strategic partnership with HPE, we are strengthening our telecom practice to address the rapidly expanding and transforming global telecom market,” said C Vijayakumar, CEO and Managing Director of HCLTech.
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“With the incoming top engineering talent and industry-leading IP from the CTG group of HPE, we are adding significant capabilities and direct relationships with global CSPs that include 20 of the Top 30, accelerating our growth strategy in the global telecom industry.” He said
“As we chart our course forward, we envision an even larger strategic partnership with HPE, paving the way for strong growth through innovation, joint integrated propositions and transformation services”, C Vijayakumar added.
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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