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This article was written by Ricardo Rocha, Escalation Engineer.
Symptoms
You're using a Microsoft Excel workbook that contains an Excel Power Pivot Model with external data connections. Currently, the data refresh in Excel Online is working without any issues for the internal users of the organization tenant.
However, when you share this Excel workbook with external users of the tenant, the users can't refresh the file from Excel Online. Additionally, they may receive an error message that resembles as follows:
An error occurred while working on the data model in the workbook. Try again. One or more data connections in this workbook can not be refreshed.
Or
An error occurred while working with the data model in the book. Try again. Failed to update the data connections in this book. The failure occurred when the following connections were updated.
Cause
Currently, the data refresh operation in Excel Online doesn't support external users of a tenant.
Workaround
To work around this issue, the users can open the file from the Excel client application, and then refresh the data source from there.