HCL to acquire Cisco network technology for 5G push
Noida-based HCL Technologies (HCL) announced that it intends to acquire Cisco’s self-optimising network (SON) technology in a bid to help the company meet the growing needs of its customers in the telecommunication industry as the technology has become a major component in a move towards 5G networks.
Cisco SON technology is a powerful platform that uses machine learning and a set of applications to automate radio access network (RAN). It help the customers boost performance, harmonise the multiple technologies that comprises RAN and maximise the capabilities of existing infrastructures, resulting in reduced capital and operational expenditures.
Cisco business unit is based in San Jose (California) and has offices in Israel and India. As part of the deal, some employees who are working in this business unit will now move to HCL.
HCL also said that the assets it is buying provide automation technology to make planning, configuration and management of radio networks simpler and faster. This Indian company expects to complete the transaction by January 2021.
On Friday, the stock closed at Rs 550.40, up by 1.13 per cent or Rs 6.15 per share. The 52-week high is recorded at Rs 624 and the 52-week low is Rs 375.50 on BSE.