0
Broadband

HPE, CSC venture to be named DXC Technology

Friday 3 March 2017 | 08:43 CET | News
Hewlett Packard Enterprise is going ahead with the spin off of its services business and merger with CSC. Shareholders of record on 20 March will receive shares in the new services company, named Everett SpinCo, on a pro rata basis. After the spin-off, Everett will be merged with Computer Sciences Corporation. CSC stockholders will receive one share of Everett common stock for every one share of CSC. The new combined company will be renamed DXC Technology, with HPE shareholders holding 50.1 percent and CSC shareholders having 49.9 percent. HPE also announced that its remaining services

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed / IT
Companies: CSC / Hewlett Packard Enterprise
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Danish agency shortlists CSC, Gemalto, KMD, Nets for MitID contract

Published 06 Feb 2018 12:29 CET | Denmark
The Danish Digitisation Authority said it has whittled down nine applicants for the contract to run NemID successor MitID to a ...

DXC Technology extends contract with Union Insurance in Middle East

Published 24 Jan 2018 11:31 CET | Middle East
DXC Technology said it has won a contract from Union Insurance to migrate the Middle Eastern insurer's complete IT infrastructure ...

DXC Technology to establish 'Digital Transformation Center' in New Orleans

Published 14 Nov 2017 16:00 CET | United States
DXC Technology plans to establish a 'Digital Transformation Center' in Louisiana, creating approximately 2,000 jobs in New ...

Telefonica Colombia picks HPE for customer analytics

Published 24 Aug 2017 09:56 CET | Colombia
Hewlett Packard Enterprise (HPE) has announced a contract to provide its Telecom Analytics platform to Telefonica Colombia. HPE ...

HPE to spin off Seattle software business on 1 September

Published 05 Aug 2017 06:50 CET | World
Hewlett Packard Enterprise Company announced that its board of directors has set the close of business on 21 August as the record ...

DXC extends portfolio of offerings for Microsoft Azure

Published 05 Apr 2017 12:19 CET | World
DXC Technology will extend its portfolio of offerings for Microsoft Azure with a hybrid cloud platform from its data centres ...

DXC starts trading, sees USD 1 bln in synergies post-close

Published 04 Apr 2017 12:01 CET | World
DXC Technology, made up of the merged operations of CSC and HPE' enterprise services division, started trading on 3 April, ...

CSC shareholders approve merger with HPE ops

Published 28 Mar 2017 12:02 CET | World
CSC said that its shareholders have voted to approve the company's proposed merger with the Enterprise Services business of ...

HPE lowers FY outlook amid 'significant' headwinds

Published 24 Feb 2017 09:05 CET | World
Hewlett Packard Enterprise said the company has hit headwinds since it provided its outlook for 2017, with increased pressure ...

HP Enterprise to buy Cloud Cruiser

Published 24 Jan 2017 14:59 CET | World
HP Enterprise announced a definitive agreement to acquire Cloud Cruiser, a provider of cloud consumption analytics software that ...

HPE creates Software-Defined & Cloud Group

Published 03 Aug 2016 09:01 CET | World
HP Enterprise announced the creation of a Software-Defined & Cloud Group, as part of its Enterprise Group. This will include its ...

HPE to spin off IT services arm in joint venture with CSC

Published 25 May 2016 08:52 CET | World
HP Enterprise has announced plans to spin off its IT services business in a joint venture with CSC. In the latest step in the ...





Calendar   /   Industry Events

26 Jan Cisco Live
27 Jan Sprint fiscal Q3
27 Jan Juniper Networks Q4 2019
27 Jan F5 Networks fiscal Q1
28 Jan Calix Q4 2019
28 Jan AudioCodes Q4 2019
28 Jan Airtel Africa fiscal Q3
28 Jan Dtac Q4 2019
28 Jan CEM in Telecoms Global Summit
29 Jan Telia Q4 2019
29 Jan AT&T Q4 2019
29 Jan Mellanox Q4 2019
29 Jan Limelight Networks Q4 2019
29 Jan Cirrus Logic fiscal Q3
29 Jan Telenor Q4 2019
29 Jan Facebook Q4 2019
29 Jan Extreme Networks fiscal Q2
29 Jan Qorvo fiscal Q3
29 Jan Microsoft fiscal Q2
29 Jan KPN Q4 2019
29 Jan Elisa Q4 results
29 Jan European 5G Conference
30 Jan BT fiscal Q3
30 Jan NTT Docomo fiscal Q3
30 Jan Verizon Q4 2019
30 Jan Samsung Electronics Q4 2019
30 Jan Amazon Q4 2019
30 Jan The Things Conference
30 Jan FCC meeting
31 Jan Charter Q4 2019
::: More Calendar Items