Himachal Futuristic Communications (HFCL) has completed the acquisition of balance 50.10% of the Equity Shares in DragonWave HFCL India, a joint venture company, from DragonWave, Singapore, JV Party, at a total consideration of Rs 2.25 crore, pursuant to mutual cessation of the Joint Venture Agreement dated October 18, 2010, thereby making it a wholly-owned subsidiary of the Company, with effect from December 17, 2019.
HFCL is one of India’s largest telecom network turnkey implementation companies, with wide and deep capabilities and domain expertise in rolling out advanced telecom networks.
