Telefónica Tech, the digital business unit of Telefónica, and tech giant IBM have collaborated to develop quantum-safe cybersecurity solutions. The companies intend to create solutions that secure companies and public administrations against the anticipated risks of a post-quantum world.

Telefónica Tech, the digital business unit of the Spanish telecommunications group Telefónica, and IBM (NYSE: IBM), a pioneer in quantum-safe cryptography, today announced a collaboration agreement to develop and deliver security solutions that address security challenges posed by future cryptographically relevant quantum computers.

MADRID - Telefónica Tech, the technological arm of Spanish telecom giant Telefónica, has partnered with IBM (NYSE:IBM) to enhance its cybersecurity services with quantum-safe technology. IBM, a prominent player in IT Services with a market capitalization of $211.

Telefonica, S.A. TEF recently inked an agreement with International Business Machines Corporation IBM to engineer robust security solutions that safeguard businesses and public institutions from the risks of a post-quantum world.