M&A Deal Summary

Telefonica Acquires Altostratus

On July 1, 2021, Telefonica acquired internet software and services company Altostratus

Acquisition Highlights
  • This is Telefonica’s 4th transaction in the Internet Software and Services sector.
  • This is Telefonica’s 4th transaction in Spain.

M&A Deal Summary

Date 2021-07-01
Target Altostratus
Sector Internet Software and Services
Buyer(s) Telefonica
Deal Type Add-on Acquisition

Target

Altostratus

Barcelona, Spain
Altostratus provides multi-cloud services and Google Cloud Premier Partner for Southern Europe. Altostratus is based in Barcelona, Spain.

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Buyer(S) 1

Buyer

Telefonica

Madrid, Spain

Category Company
Founded 1924
Sector Communications
Employees100,870
Revenue 41.3B EUR (2024)
DESCRIPTION

Telefonica is a telecommunications group that provides fixed and mobile telephony services through networks in Spain, Europe, and Latin America. Telefonica was founded in 1924 and is based in Madrid, Spain.


DEAL STATS #
Overall 9 of 13
Sector: Internet Software and Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 7 of 8
Country: Spain M&A 4 of 5
Year: 2021 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 ON*NET Fibra Chile

Santiago, Chile

ON*NET Fibra Chile is a fiber-optic network that makes network open access through a newly established independent Chilean company with assets managed locally. ON*NET Fibra Chile is based in Santiago, Chile.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-19 ON*NET Fibra Colombia

Bogotá, Colombia

ON*NET Fibra Colombia is mainly focused on the businesses of mobile communications and connectivity, broadband services, fiber optics to the home, paid television, fixed-line communications, and a complete range of digital solutions for small, medium, and large companies and corporations. ON*NET Fibra Colombia is based in Bogotá, Colombia.

Sell -