All TelcoTitans.com articles in Telefónicawatch #159 – Page 3
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Operations
Telefónica turning Madrid HQ into digital skills factory
Group ups corporate social responsibility efforts by dedicating real estate to societal pursuit of digital adaption. Talent Hub aims to re-skill 100,000 people per year. Internal skills upgrade high on Group agenda.
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M&A
Telefónica sells El Salvador unit at the second attempt
Honduran financiers acquire Telefónica El Salvador for a cut-price $144m following breakdown of negotiations with América Móvil in 2020. Move completes Telefónica’s exit from Central America.
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Products & Services
Fortinet secures Telefónica SD-WAN for hybrid work era
Telefónica Tech launches evolved flexWAN proposition, addressing the cybersecurity demands of ‘new normal’ hybrid working. Longstanding security partner Fortinet tapped for updated offering. Spain first, rest of Telefónica footprint to follow. Fortinet ups engagement with telco players.
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Venturing & Investments
AtlasEdge reels in more investment, new CEO
Liberty-backed European datacentre operation gets investment boost from Digital Realty. Giuliano Di Vitantonio to become CEO in January. Virgin Media O2 confirmed as AtlasEdge customer.
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M&A
Telefónica moulds new UK unit for central cloud push
Cancom business, bought in August, becomes “Telefónica Tech UK & Ireland”. New name reflects ambitions to widen out Group’s in-country offering.
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Venturing & Investments
Wayra buys into eSIM startup Airalo
Telefónica one of four telco investors in eSIM specialist. Funding to be used to expand to more countries and recruit more staff.
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Venturing & Investments
Wayra opens wallet for security startup Gabriel
£8.8m total funding raised in Series-A round. Startup eyeing growth opportunities in domestic market and beyond. Telefónica teaming up on the distribution of home security solutions in LatAm.
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