HCLTech wins $2.1 billion Verizon deal

This comes at a time when large IT providers have been announcing mega deals even as technology spends have been hit due to macroeconomic concerns in the US and Europe..

Such large deals could be a factor of companies driving cost efficiencies and consolidating their vendors.ETMarkets.com..

Verizon Business, the enterprise division of global telecom giant Verizon Communications, said on Thursday that it has made HCLTech its primary managed network Services (MNS) collaborator in all networking deployments for global enterprise customers..

Managed Network Services is core to our business, and were proud to collaborate with Verizon Business to lead MNS in all of their network deployments, modernization and operations for private enterprise, said C Vijayakumar, chief executive, HCLTech...

With their (HCLTech's) IT service expertise and ongoing support of our enterprise networking deployments, Verizon Business can modernize our service delivery and simultaneously heighten our focus on helping customers incorporate next-generation technology like 5G, SD-WAN and SASE into their operations and their own customer offerings, said Kyle Malady, CEO, Verizon Business..

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