Password command failed – SMTP connect() failed

Hi,

I am trying to set up SMTP for Hotmail, and get the following error if anyone can please help me out with this one?

Also, another thing is that the email I am using is an old Hotmail one, but it is not @hotmail.com, it is my company name so it is info@companyname.com. Since Hotmail does not exist anymore and it is now Outlook – do I use the SMTP settings for Hotmail or for Outlook please? I have tried both and neither of them work.

Many thanks in advance.

——–

Versions:
WordPress: 4.9.4
WordPress MS: No
PHP: 7.1.5
WP Mail SMTP: 1.2.5

Params:
Mailer: smtp
Constants: Yes
ErrorInfo: SMTP connect() failed. https://github.com/PHPMailer/PHPMailer/wiki/Troubleshooting
Host: smtp.live.com
Port: 587
SMTPSecure: tls
SMTPAutoTLS: bool(true)
SMTPAuth: bool(true)

Server:
OpenSSL: Yes
SMTP Debug:
2018-02-13 16:08:45 Connection: opening to smtp.live.com:587, timeout=300, options=array (
)
2018-02-13 16:08:45 Connection: opened
2018-02-13 16:08:45 SERVER -> CLIENT: 220 AM4PR05CA0008.outlook.office365.com Microsoft ESMTP MAIL Service ready at Tue, 13 Feb 2018 16:08:45 +0000
2018-02-13 16:08:45 CLIENT -> SERVER: EHLO http://www.website.com
2018-02-13 16:08:45 SERVER -> CLIENT: 250-AM4PR05CA0008.outlook.office365.com Hello [91.208.99.2]
250-SIZE 157286400
250-PIPELINING
250-DSN
250-ENHANCEDSTATUSCODES
250-STARTTLS
250-8BITMIME
250-BINARYMIME
250-CHUNKING
250 SMTPUTF8
2018-02-13 16:08:45 CLIENT -> SERVER: STARTTLS
2018-02-13 16:08:45 SERVER -> CLIENT: 220 2.0.0 SMTP server ready
2018-02-13 16:08:45 CLIENT -> SERVER: EHLO http://www.website.com
2018-02-13 16:08:45 SERVER -> CLIENT: 250-AM4PR05CA0008.outlook.office365.com Hello [91.208.99.2]
250-SIZE 157286400
250-PIPELINING
250-DSN
250-ENHANCEDSTATUSCODES
250-AUTH LOGIN XOAUTH2
250-8BITMIME
250-BINARYMIME
250-CHUNKING
250 SMTPUTF8
2018-02-13 16:08:45 CLIENT -> SERVER: AUTH LOGIN
2018-02-13 16:08:45 SERVER -> CLIENT: 334 VXNlcm5hbWU6
2018-02-13 16:08:45 CLIENT -> SERVER: aW5mb0BnYWRqZXRzdXBwbHkuY29t
2018-02-13 16:08:45 SERVER -> CLIENT: 334 UGFzc3dvcmQ6
2018-02-13 16:08:45 CLIENT -> SERVER: R2FkamV0MTIzIQ==
2018-02-13 16:08:51 SERVER -> CLIENT: 535 5.7.3 Authentication unsuccessful [AM4PR05CA0008.eurprd05.prod.outlook.com]
2018-02-13 16:08:51 SMTP ERROR: Password command failed: 535 5.7.3 Authentication unsuccessful [AM4PR05CA0008.eurprd05.prod.outlook.com]
2018-02-13 16:08:51 SMTP Error: Could not authenticate.
2018-02-13 16:08:51 CLIENT -> SERVER: QUIT
2018-02-13 16:08:51 SERVER -> CLIENT: 221 2.0.0 Service closing transmission channel
2018-02-13 16:08:51 Connection: closed
2018-02-13 16:08:51 SMTP connect() failed. https://github.com/PHPMailer/PHPMailer/wiki/Troubleshooting