Spain's Ferrovial Taps Telefónica as communications provider for next five years

Ferrovial, the Spain based infrastructure operators and municipal services company has selected Telefónica as its supplier of communications for the next five years, in order to develop solutions that add value to the business and support its international expansion.

The agreement, signed by Íñigo Meirás, CEO of Ferrovial, and José María Álvarez-Pallete, Chairman of Telefónica, is a part of Ferrovial's digital transformation strategy to maintain its lead in infrastructure development and management.

Through this agreement, Ferrovial and Telefónica will work together to develop fixed and mobile technology, collaboration tools, new workplace services and specific security solutions which will entail a leap forward in cybersecurity and cyber-surveillance. In addition, both companies will examine the scope for collaboration in the areas of Big Data, Internet of Things (IoT) and Smart Cities.

Upon signing the agreement, Íñigo Meirás, CEO of Ferrovial, highlighted that "this global agreement will enable us to pursue our expansion strategy in a very agile, flexible way, providing new services that will support our ongoing digital transformation process."

José María Álvarez-Pallete, Chairman of Telefónica, praised the agreement "between two global leaders in their respective industries", and noted that all companies must "transform and adapt to the new digital environment in order to address emerging challenges. This alliance makes both companies more competitive and innovative within the technology and infrastructure fields."

Ferrovial, with Telefónica as one of its main technological partners, is firmly established as a leader in the digital transformation of its business and employees, further enhancing its lead in the digital revolution. Deployment of a high-availability optical fiber network is a cornerstone of the cloud infrastructure solution, as it allows centralized management. This alliance will provide Ferrovial with greater flexibility in the systems area as it expands internationally, and in the process of digitalizing the company.

It strengthens Ferrovial's position as a leading innovator within the infrastructure and services industry in the digital transformation of its business and employees. The company has created a Digital Hub in order to leverage the opportunities that may arise from the digitalization of society.