HCL Technologies Ltd — M&A Activity 2025

Dec 18, 2025

December 18, 2025

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The General Manager The Manager BSE Limited National Stock Exchange of India Limited Listing Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza Dalal Street 5th Floor, Plot No. C-1, Block-G Mumbai- 400 001 Bandra-Kurla Complex, Bandra(E) Mumbai-400 051 BSE Scrip Code: 532281 NSE Scrip Code: HCLTECH

– “ Subject: Release HCLTech to Acquire Telco Solutions Business from Hewlett Packard - Enterprise (HPE) to Further Strengthen its Engineering and AI led Network Propositions to Global Communication Service Providers.”

Dear Sir/Madam,

Enclosed please find a release on the captioned subject being issued by the Company today along with a disclosure in terms of Regulation 30(4) of the SEBI (Listing Obligations and Disclosures Requirements) Regulations 2015.

Details as required to be disclosed as per BSE Circular No. 20230714-34 dated July 14, 2023, and NSE Circular No. NSE /CML/2023/57 dated July 14, 2023, are as under:

1. Date of occurrence of Event / Information: December 18, 2025

2. Time of occurrence of Event/ Information: 8:00 p.m. IST

This is for your information and records.

Yours faithfully, For HCL Technologies Limited

MANISH Digitally signed by MANISH ANAND ANAND Date: 2025.12.18 20:15:35 +05'30'

Manish Anand Company Secretary

Encl.:a/a

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HCL Technologies Ltd. Technology Hub, Special Economic Zone Plot No. 3A, Sector 126, NOIDA– 201304, UP, India t: +91 120 4306000

Corporate Identity Number: L74140DL1991PLC046369 Registered Office: 806 Siddharth, 96, Nehru Place, New Delhi -110009, India

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HCLTech to Acquire Telco Solutions Business from Hewle� Packard Enterprise (HPE) to Fu�her Strengthen its Engineering and AI-led Network Propositions to Global Communication Service Providers

Deepens HCLTech’s engineering, AI and cloud-native offerings for the telecom industry

NEW YORK and NOIDA, India, Dec 18, 2025 — HCLTech, a leading global technology company, today signed an agreement to purchase HPE’s Telco Solutions business, fu�her strengthening its market-leading position in the telecom industry.

Following an earlier transaction with HPE in 2024, HCLTech will, through this new acquisition agreement, fu�her gain industry-leading intellectual prope�y (IP), product engineering and R&D talent, and client relationships with top global Communication Service Providers (CSPs). Telco Solutions suppo�s more than 1 billion devices through its solutions, across 200+ deployments globally. It enables Operations Suppo� Systems (OSS), Home Subscriber Server (HSS) and 5G Subscriber Data Management (SDM), with advanced AI-led closed-loop network automation for seamless network monetization.

Telco Solutions was formerly pa� of HPE’s Communications Technology Group (CTG), from which HCLTech acquired ce�ain assets in 2024. The previously acquired CTG po�folio— spanning Business Suppo� Systems (BSS), network applications, service cloudification, and data intelligence—has been successfully integrated and is now growing.

HCLTech will leverage this expanded capability to accelerate network transformation, Network as a Service (NaaS) and AI-led autonomous networking. As pa� of this agreement, nearly 1,500 engineering and telecom specialists from 39 countries will join HCLTech’s global delivery team to help scale the business.

“We are very excited about the oppo�unity ahead, as HCLTech is uniquely positioned to empower CSPs to realize their transformation into true technology companies—advancing the shift from telcos to techcos,” said Anil Ganjoo, chief growth officer and global head of telecom, media, publishing & ente�ainment and technology (TMT) at HCLTech. “Integrating this highly skilled HPE team and their market-proven IP strengthens our product-aligned model and accelerates our shift toward higher-value, IP-led services and non-linear growth.”

“HCLTech has a compelling vision for enabling CSPs that will harness the Telco Solutions business’s momentum and track record of customer success to fu�her accelerate innovation and customer impact,” said Rami Rahim, executive vice president, president and general manager, Networking, HPE. “This transaction will yield benefits for CSPs for many years to come, as both HPE and HCLTech pursue their unique, differentiated approaches to suppo�ing this vital sector of the market, through strategic focus and commitment to innovation.”

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This transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in approximately six months.

About HCLTech

HCLTech is a global technology company, home to more than 226,600 people across 60 countries, delivering industry-leading capabilities centered around AI, digital, engineering, cloud and software, powered by a broad po�folio of technology services and products. We work with clients across all major ve�icals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, High Tech, Semiconductor, Telecom and Media, Retail and CPG, Mobility and Public Services. Consolidated revenues as of 12 months ending September 2025 totaled $14.2 billion. To learn how we can supercharge progress for you, visit hcltech.com.

For fu�her details, please contact:

Meredith Bucaro, Americas - meredith bucaro@hcltech.com

Elka Ghudial, EMEA elka.ghudial@hcltech.com James Galvin, APAC james.galvin@hcltech.com Nitin Shukla, India - nitin shukla@hcltech.com

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- Details of acquisition as required under SEBI Regulations

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1. Name of the target entity, details in brief Telco Solutions (“TS”) business of Hewlett
such as size, turnover etc. Packard Enterprise Company (“HPE”) to
further strengthen Engineering and AI-led
Network Propositions to Global
Communication Service Providers
(“CSPs”)
2 Whether the acquisition would fall No
within related party transaction(s)? and
whether the promoter/ promoter group/
group companies have any interest in
the entity being acquired?
3 Industry to which the entity being Information Technology
acquired belongs
4 Objects and effects of acquisition HCLTech will leverage the expanded
(including but not limited to, disclosure engineering capability and the acquired
of reasons for acquisition of target intellectual property to accelerate 5G
entity, if its business is outside the main network transformation, network
line of business of the listed entity) cloudification, Network as a Service
(NaaS), autonomous networking, Service
Management and Orchestration (SMO),
AI-led network automation and AI-native
networks for global CSPs.
5 Brief details of any Governmental or The acquisition is subject to regulatory
regulatory approvals required for the approvals across countries, including
acquisition approval from Committee on Foreign
Investment in the United States (“CFIUS”).
6 Indicative time period for completion of 6 months from signing
the acquisition
7 Nature of consideration - whether cash 100% Cash Consideration
consideration or share swap or any other
form and details of the same
8 Cost of acquisition or the price at which Total Purchase Price: up to US$160 million,
the shares are acquired including $15 million of incentives based
upon FY25 performance.
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9 Percentage of shareholding / control Acquisition is buyout of a division and
acquired and / or number of shares does not involve purchase of shares. The
acquired deal is structured as an Asset carve-out.
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9 Percentage of shareholding / control acquired and / or number of shares acquired Acquisition is buyout of a division and does not involve purchase of shares. The deal is structured as an Asset carve-out.	9 Percentage of shareholding / control acquired and / or number of shares acquired Acquisition is buyout of a division and does not involve purchase of shares. The deal is structured as an Asset carve-out.	9 Percentage of shareholding / control acquired and / or number of shares acquired Acquisition is buyout of a division and does not involve purchase of shares. The deal is structured as an Asset carve-out.
10	Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years’ turnover, country in which the acquired entity has presence and any other significant information (in brief).	TS delivers Telecom solutions and software in the areas of OSS and Public 5G to leading global Communications Service Providers (“CSPs”) across all major geographies. Offerings include software and services in Service Assurance, Orchestration & Fulfilment, Automation Solutions, and Home Subscriber Network (HSS) & Subscriber Data Management (SDM). Approximately 1,500 specialists (1,225 employees and 260 contractors) in various countries (including India, France, Spain, Japan, Romania, Italy, Americas and APAC) will transfer to HCLTech and its affiliates. Since this transaction pertains to the purchase of a set of assets, and is not an acquisition of an entity, the date of incorporation, disclosure of 3 years turnover would not be applicable.