Telefónica Tech completed the acquisition of Cancom UK&I for $469m.

Telefónica Tech, a multinational telecommunications company, completed the acquisition of Cancom UK&I, a provider of on-premise information technology solutions, for $469m. “with this move we corroborate Telefónica Tech’s growth story and reinforce our capabilities in one of our key markets, the UK&I, with the aim of consolidating our leadership in cloud and digital services in Europe. Telefónica Tech UK&I is now a reality and is emerging as the perfect partner to accompany companies in their secure digital transformation,” Jose Cerdán, Telefónica Tech CEO.