HPE To Advance Strategy By Divesting Communications Technology Group To HCLTech
Portfolio Pulse from Benzinga Newsdesk
Hewlett Packard Enterprise (HPE) announced its decision to divest its Communications Technology Group to HCLTech. This move is part of HPE's strategy to focus on its core businesses. The financial terms of the deal were not disclosed.
May 23, 2024 | 12:40 pm
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Hewlett Packard Enterprise (HPE) is divesting its Communications Technology Group to HCLTech as part of its strategy to focus on core businesses. The financial terms of the deal were not disclosed.
The divestment aligns with HPE's strategy to streamline its operations and focus on core areas, which could be positively received by investors. The lack of disclosed financial terms adds some uncertainty, but the strategic focus is likely to be viewed favorably.
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