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.

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.

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.