EY Abogados advises Telefónica Tech on sale to Hiberus
EY Abogados has advised Telefónica Tech on Hiberus’s acquisition of Telefónica Tech’s businesses in Colombia, Mexico, and Chile. This transaction is consistent with Telefónica Tech’s strategy and part of Telefónica’s Transform & Grow plan, aimed at simplifying its structure and reinforcing strategic priorities while ensuring service continuity, states the law firm.
Pursuant to the agreement, at closing Hiberus will acquire and manage local operations, while Telefónica Tech will retain certain assets and operations to support multinational clients in the region and continue with its Digital Operations Center in Colombia.
The EY Abogados legal team was led by Susana Gómez (pictured), corporate/M&A partner, supported by Rosa Cañas, director, Javier Merlos, manager, and Olga Moreno, senior associate.
