- Telefónica Tech has agreed to sell its operations in Colombia, Mexico and Chile to Spanish technology firm Hiberus as part of a strategic refocus.
- The deal includes a continued partnership that aims to preserve service continuity for multinational customers while repositioning Telefónica Tech around core markets.
What happened: Latin America operations change hands in strategic sale
Telefónica Tech, the digital services division of Spanish telecommunications giant Telefónica, has signed an agreement to transfer its business operations in Colombia, Mexico and Chile to Spanish technology consultancy Hiberus.
The transaction — part of Telefónica Tech’s growth and organisational simplification strategy — will see Hiberus take ownership of local units that provide services such as cybersecurity, cloud computing and other digital solutions to regional enterprises. Telefónica Tech said the move reinforces its focus on primary markets including Spain, the United Kingdom, Germany and Brazil, where it sees greater potential for technology and digital service growth.
Under the agreement, a strategic alliance between Telefónica Tech and Hiberus will remain in place to ensure continuity of service for multinational customers operating in Latin America. Telefónica Tech’s Digital Operations Center (DOC) in Colombia will remain under Telefónica’s direct control, continuing to deliver services without disruption.
María Jesús Almazor, Chief Operating Officer of Telefónica Tech for Spain and the Americas, said the sale reflects a natural progression of the company’s evolution and aligns with its new Transform & Grow strategic plan, enabling closer customer relationships and sustained service quality. Hiberus’s CEO, Sergio López, added that the acquisition strengthens his company’s cybersecurity and cloud capabilities and accelerates its expansion in the region.
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Why it’s important
The divestment illustrates how global technology providers are reshaping portfolios to prioritise high-growth areas and focus on sectors where they hold competitive strength. Telefónica Tech’s retreat from some Latin American markets comes amid broader market trends in which operators reassess regional exposure and capital allocation strategies.
For Hiberus, the acquisition provides a transformative opportunity to scale its presence in Latin America at a time of rising demand for digital transformation services. Retaining continuity of contracts and operations suggests a focus on service resilience, even as ownership changes hands.
The agreement also highlights the increasing importance of digital service ecosystems that combine cybersecurity, cloud and advanced IT solutions — capabilities that are central to enterprise competitiveness in an era of rapid digitalisation.
By maintaining service provision through strategic alliances rather than direct ownership, Telefónica Tech may be signalling a shift toward more flexible partnership-based models, which can preserve market access while reducing operational and financial risk in overseas markets.
