Telefonica boosts B2B play with Altim buy

Telefonica Spain has bought Madrid-based technology consultancy Altim, in a deal local press values at around €30 million, to deepen its business services portfolio. Altim focuses on enterprise digital transformation using SAP software and is a gold partner of SAP in Spain, with 25 years in the market and more than 160 customers.

Telefonica said the acquisition strengthens its applications and IT services business, an area where it claims solid growth in B2B revenue. Eduardo Ariste, GM of companies and administrations at Telefonica Spain, described Altim as one of SAP’s main partners in the Spanish market and pointed to rising demand for technology that optimises business processes. Altim will keep operating independently under Telefonica’s ownership.