Telefónica Tech to acquire Cancom UK&I for $469m.

Telefónica Tech, a multinational telecommunications company, agreed to acquire Cancom UK&I, a provider of on-premise information technology solutions, for $469m. “Having the Cancom UK&I talented team join Telefonica Tech, will strengthen our Cloud and Cybersecurity capabilities in the UK and Ireland, with a strong focus on Professional and Managed services, and combined with our value proposition and global reach allows us to position ourselves as the strategic partner for our B2B customers in their digital transformation strategy," José Cerdán, Telefónica Tech CEO.