Telefónica Tech has entered into a strategic acquisition agreement with hiberus to enhance its operations in Colombia, Mexico, and Chile, reinforcing market presence and service capabilities.

Target Information

Telefónica Tech has finalized a strategic agreement with the technology company hiberus for the acquisition of its operations in Colombia, Mexico, and Chile. This acquisition is part of a broader strategy to consolidate Telefónica's operations in key Latin American markets while enhancing their focus on client services within the region. Following the completion of this transaction, Telefónica Tech will maintain its commitment to its multinational clients, ensuring the smooth continuity of operations and contractual relationships in compliance with applicable regulations.

The Digital Operations Center (DOC) in Colombia will remain under Telefónica Tech's operation, continuing to provide essential services while upholding the highest standards of quality and availability for its clients. This development reflects Telefónica's ongoing growth strategy and organizational simplification, aligning its resources towards high-value digital and technological solutions while focusing on its core markets – Spain, the United Kingdom, Germany, and Brazil.

Industry Overview in Latin America

The technology sector in Latin America is experiencing significant growth, driven by increased demand for cloud services and cybersecurity solutions. Countries such as Colombia, Mexico, and Chile are at the forefront of this exp