Overview
- No purchase price was disclosed, and the transaction awaits customary regulatory approvals and closing procedures.
- Telefónica says employment and existing contracts will continue, with no disruption for services provided to multinational clients.
- The Digital Operations Center in Colombia will remain part of Telefónica Tech and continue operating as usual.
- Telefónica and Hiberus will maintain a strategic alliance to keep serving multinational customers across the region.
- The move advances a staged retreat from parts of Latin America as Telefónica concentrates investment on Spain, the UK, Germany and Brazil.