HCL Tech shares in focus after $160 million HPE telco unit buy; Morgan Stanley bullish

HCL Technologies has announced the acquisition of Hewlett Packard Enterprise’s Telco Solutions Business in an all-cash deal valued at up to $160 million, including performance-linked incentives. The move is aimed at strengthening HCLTech’s engineering- and AI-led telecom offerings, with brokerages expecting the impact on earnings to be limited.