HCL Technologies Limited (NSEI:HCLTECH) agreed to acquire Communications Technology Group assets of Hewlett Packard Enterprise Company (NYSE:HPE) on May 23, 2024. 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. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in 6 to 9 months.