Trends
Telefónica Tech sells Latin America units to streamline strategy
Telefónica Tech sells its Latin America units to Hiberus, aiming to sharpen focus on core markets while ensuring service continuity.
Headline
Telefónica Tech sells its Latin America units to Hiberus, aiming to sharpen focus on core markets while ensuring service continuity.
Context
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.
Evidence
Pending intelligence enrichment.
Analysis
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. Also Read: Atos sale of Latin America operations reshapes regional services Also Read: Telefónica Tech partners Hiberus for Latin America growth 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.
Key Points
- 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.
Actions
Pending intelligence enrichment.
