HCL Technologies Limited (HCLTech) has signed an agreement to acquire Hewlett Packard Enterprise's (HPE) Telco Solutions business. This acquisition aims to strengthen HCLTech's engineering, AI, and cloud-native offerings for the global telecom industry, particularly in areas like Operations Support Systems (OSS) and 5G Subscriber Data Management (SDM). The deal, valued at up to US$160 million, including $15 million in incentives based on FY25 performance, is structured as an asset carve-out. Approximately 1,500 engineering and telecom specialists from 39 countries will join HCLTech. This move follows HCLTech's previous acquisition of certain assets from HPE's Communications Technology Group (CTG) in 2024. The acquired Telco Solutions business supports over 1 billion devices globally and is expected to accelerate HCLTech's network transformation, Network as a Service (NaaS), and AI-led autonomous networking initiatives. The transaction is subject to regulatory approvals, including from the Committee on Foreign Investment in the United States (CFIUS), and is anticipated to close in approximately six months from the signing date of December 18, 2025.