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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Telecom Italia SpA | BIT:TIT | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.2468 | 0.26 | 0.2487 | 0.00 | 06:30:02 |
From May 2019 to May 2024
By Mauro Orru
Telecom Italia SpA said late Wednesday that it has signed an agreement with Google Cloud to help Italian companies and public sector organizations to harness cloud technologies.
Telecom Italia said it aims to achieve 1 billion euros ($1.11 billion) in revenue and EUR400 million in earnings before interest, taxes, depreciation, and amortization by 2024, with an increased contribution from technology services.
Telecom Italia said Italian companies and public sector organizations would be able to use the company as their cloud infrastructure and services provider.
"This strategic partnership with Google places Telecom Italia among the Italian key players in cloud and edge computing, two markets that will become more and more central with the deployment of 5G technology and artificial intelligence," said Telecom Italia Chief Executive Luigi Gubitosi.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
March 05, 2020 02:49 ET (07:49 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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