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TIT - Telecom Italia SpA News Story

€0.438 0.0  0.3%

Last Trade - 22/04/21

Sector
Telecoms
Size
Large Cap
Market Cap £5.72bn
Enterprise Value £28.88bn
Revenue £13.65bn
Position in Universe 53rd / 727

Former Google executive to run Italy's TIM new cloud unit

Mon 25th January, 2021 11:40am
MILAN, Jan 25 (Reuters) - Former Google executive Carlo
d'Asaro Biondo has been appointed as Chief executive officer of
Telecom Italia's (TIM)  TLIT.MI  newly-created cloud unit
Noovle, Italy's biggest phone group said on Monday.
    The creation of the new company is part of the former phone
monopoly's strategy to boost and diversify its revenues,
providing services to businesses and state-controlled offices 
looking to improve their digital reach.
    D'Asaro Biondo, who has been Google's  GOOGL.O  president
for EMEA partnerships, joined the former phone monopoly last
year after TIM struck a deal with the tech giant to expand its
cloud business in the country.
    Noovle, which is targeting 1 billion euros in revenues by
2024, will operate a network of 17 data centres across the
country and will be in charge of building six new top tier data
center facilities, TIM said.
    
    
    
    

 (Reporting by Elvira Pollina, editing by Giulia Segreti)
 ((elvira.pollina@thomsonreuters.com;))
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