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General

Telefonica sets up Brazil CloudCo to target enterprise computing market

Tuesday 3 August 2021 | 16:00 CET | News
Telefonica Brasil has sold part of its subsidiary CloudCo Brasil, representing 20 percent of total capital, to Telefonica Cybersecurity & Cloud Tech (TC&CT), indirectly controlled by Telefonica. The value of the deal is BRL 22 million and resulted in TC&CT subscribing 190,000 CloudCo Brasil shares for a total issue price of BRL 76 million.

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Categories: General
Companies: Telefonica / Telefonica Brasil
Countries: Brazil
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