By Ian Walker
Telefonica SA said Thursday that it is buying Cancom Ltd. for an enterprise value of 340 million pounds ($472.7 million) as part of its consolidation strategy in the U.K.
The Spanish telecommunication company said that it expects to close the deal, which is being made through its subsidiary Telefonica Cybersecurity & Cloud Tech, SL, within the coming days.
Cancom is a British company that provides end-to-end advanced cloud and security services in the U.K. and Ireland.
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(END) Dow Jones Newswires