HCL Technologies, Nokia sign global IT partnership
Espoo-based telecommunications company Nokia and leading Indian IT services provider HCL Technologies have signed a new five-year global IT infrastructure deal.
The collaboration will see HCL helping to transform and modernise Nokia’s existing IT infrastructure, creating a new framework and transformation roadmap for the telco.
“The telecoms industry is at the forefront of today’s fast-paced digital-led change and HCL is proud to be Nokia’s transformation partner, powering them with the speed and agility required to meet the demands of a complex and transforming market,” said C Vijayakumar, President and Chief Executive Officer, HCL Technologies.
The partnership will help Nokia unlock greater potential within its efficiencies, better allowing the firm to meet the growing needs of its customers within the rapidly changing telecommunications market.
Further, Nokia will also be able to better leverage advanced technologies including cloud computing, big data analytics, cybersecurity and automation by calling upon HCL’s next-gen service offerings.
“This is an important development for Nokia and takes our digital transformation efforts to a new level, both for how it will enhance our IT and operational efficiencies internally for Nokia, and for how it will enable us to further elevate service delivery to our customers,” said Nokia’s Chief Operating Officer, Joerg Erlemeier.
Bukalapak raises $1.5bn in record Singapore IPO, say sources
Bukalapak, currently the fourth largest Indonesian ecommerce company, is said to have raised $1.5 billion in the first IPO by an Indonesian tech unicorn.
Three unidentified, but likely reliable, sources told Reuters the order books for Bukalapak’s IPO were covered by multiples, with one source claiming the issue attracted more than $6 billion in demand despite being listed at the top of its indicated price range.
Bukalapak's 50x growth
Bukalapak was looking to raise just $300 million just a few months ago. The figure grew to $800 million before rising to $1.5 billion as investors jockeyed for a piece of the company.
Covid-19 has had a positive impact on many ecommerce operators, and Bukalapak also has strong investment lines via Singapore sovereign investor GIC and Microsoft, among others. The company focuses on micro, small and medium-sized enterprises.
Indonesia is Southeast Asia’s biggest economy.
Indonesia’s four biggest ecommerce companies
Tokopedia is an Indonesian technology company specializing in e-commerce. It was founded in 2009 by William Tanuwijaya and Leontinus Alpha Edison.
Shopee was first launched in Singapore in 2015, and later expanded its reach to Malaysia, Thailand, Taiwan, Indonesia, Vietnam, the Philippines, Brazil, Mexico, Chile, and Colombia.
Lazada is a Singaporean multinational technology company which focuses mainly on e-commerce. Founded by Maximilian Bittner with the backing of Rocket Internet in 2012, it is currently owned by the Alibaba Group after its acquisition in 2016.
Bukalapak is an Indonesian e-commerce company. It was founded in 2010 as an online marketplace to enable small and medium enterprises go online and has expanded to support smaller traditional family owned businesses.