0
General

Telefonica Tech revenues up 14% to EUR 1.5 bln in 2020

Thursday 25 February 2021 | 11:36 CET | News
Telefonica announced that the group's new Telefonica Tech unit comprising its Cybersecurity, Cloud and Big Data and IoT businesses posted revenues of EUR 1.50 billion in 2020 as a whole, up 13.6 percent year on year. The company said its Tech services proved to be its fastest growing and most resilient offerings in 2020 in spite of the Covid-19 crisis. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Telefonica
Countries: Spain / World
::: add a comment
This article is part of dossier

Coronavirus

,

IoT


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telefonica employing quantum technology for global cloud service

Published 09 Apr 2021 12:12 CET | Spain
The Telefonica Tech unit of Spanish operator Telefonica announced a collaboration with Barcelona-based Quside, a manufacturer of ...

Telefonica invests in fraud detection startup Fcase

Published 22 Mar 2021 10:23 CET | Spain
Telefonica said it has invested an undisclosed amount in a UK-based startup called Fcase that specialises in providing technology ...

Telefonica unveils 'NextDefense' cybersecurity services brand

Published 17 Mar 2021 11:15 CET | Spain
The Telefonica Tech unit of Spanish operator Telefonica has announced the launch of a dedicated cybersecurity brand called ...

Telefonica and Idemia promoting use of biometrics for contactless access

Published 08 Mar 2021 09:07 CET | Spain
Telefonica said it has teamed up with augmented identity company Idemia to develop products in the security area and add the ...

Telefonica and Navantia working on cybersecurity for defence sector

Published 04 Mar 2021 09:09 CET | Spain
Telefonica said it has joined forces with state-owned shipbuilding company Navantia to develop and market comprehensive ...

Almazor named head of Telefonica's cloud and cybersecurity division

Published 24 Feb 2021 10:02 CET | Spain
Telefonica has followed last month's management shake up at its domestic unit (Telefonica Espana) by announcing the appointment ...

Telefonica adds drone management platform to security offer

Published 15 Feb 2021 15:29 CET | Spain
Telefonica has unveiled a drone management platform designed to help companies add unmanned aerial vehicles (UAVs) to their ...

Telefonica inaugurates Valencia cybersecurity centre

Published 03 Feb 2021 09:48 CET | Spain
Telefonica has announced the launch of a new cybersecurity hub in Valencia's port area during an event attended by regional ...

Telefonica launches cybersecurity startup investment vehicle

Published 22 Oct 2020 14:03 CET | World
Telefonica has announced the launch of a new vehicle for investments in the cybersecurity field called Telefonica Tech Ventures. ...

Telefonica creates TGS unit for international, wholesale and roaming business

Published 13 Oct 2020 13:59 CET | Spain
Telefonica said it has created a new unit encompassing its wholesale, roaming and multinational businesses. The unit is called ...

Google to open new Spain cloud region, expand Telefonica partnership

Published 11 Jun 2020 09:05 CET | Spain
Telefonica and Google Cloud have announced an agreement to expand their existing cloud and cybersecurity partnership to meet the ...

Telefonica to launch cybersecurity unit with 2,500-strong workforce - report

Published 09 Jun 2020 13:58 CET | Spain
Telefonica's new cybersecurity division is set to become operational in August with a global workforce of around 2,500 ...

Telefonica hires Morgan Stanley to seek tech unit investor - report

Published 27 Jan 2020 16:00 CET | Spain
Telefonica has appointed US investment bank Morgan Stanley to help it find an investor for another of its assets, the new ...

Telefonica appoints full management team for new technology unit

Published 16 Dec 2019 14:24 CET | Spain
Telefonica has announced the appointment of the full management team for its new Telefonica Tech unit focused on cloud, security, ...

Telefonica unveils plan to spin off LatAm business and prioritise Spain, Brazil, UK, Germany

Published 28 Nov 2019 09:23 CET | Brazil
Telefonica has announced a major organisational restructure following a meeting of its board of directors. The company's 5-point ...