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IT

Telefonica acquires UK IT firm Cancom for EUR 398 mln

Thursday 29 July 2021 | 13:50 CET | News
Telefonica said it has agreed to acquire British IT services provider Cancom for an enterprise value of GBP 340 million (EUR 398 million). The firm has 600 employees and provides professional and managed services in advanced IT, cybersecurity and multi-cloud solutions throughout the UK and Ireland. It will be integrated into the operator's Telefonica Tech digital business holding company as soon as the deal closes in the coming days.

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Categories: IT
Companies: Telefonica
Countries: Spain / United Kingdom
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