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TI.A - Telecom Italia SpA News Story

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Last Trade - 05/07/19

Large Cap
Market Cap £6.99bn
Enterprise Value £30.26bn
Revenue £13.33bn
Position in Universe th / 7247

UPDATE 2-Italy to award tender for national cloud hub by end-2022

Tue 7th September, 2021 2:11pm
(Adds comment by minister, details of project)
    By Giuseppe Fonte and Elvira Pollina
    ROME, Sept 7 (Reuters) - Italy plans to award a tender for
the creation of a national strategic hub that will implement a
country-wide cloud project by the end of 2022, Innovation
Minister Vittorio Colao said on Tuesday.
    The cloud hub initiative is part of European Union efforts
to make the 27-member bloc less dependent on large overseas tech
companies for cloud services, but is also meant to increase
security for public administration data storage. 
    The tender for the hub will be published by the end of this
year, while migration of public administration data is expected
to be completed by the end of 2025, Colao told reporters as he
unveiled Italy's cloud strategy. 
    In its national Recovery Plan sent to Brussels in April to
access EU funds, Rome earmarked 900 million euros ($1.07
billion) for the national cloud hub project.
    U.S. tech giants such as Alphabet Inc's  GOOGL.O  Google,
Microsoft Corp  MSFT.O  and Inc  AMZN.O , which
dominate the data storage industry, could provide their
technology to the national cloud hub, if licensed to companies
taking part in the hub project, officials have said.*:nL5N2NZ4D1
    Such a structure would be aimed at soothing concerns over
the risk of U.S. surveillance in the wake of the adoption of the
U.S. CLOUD Act of 2018 - which can require U.S.-based tech firms
to provide data to Washington even if it is stored abroad.
    "We have a kind of preference for keeping state control, in
a flexible way ... we need to ensure the State will be able to
manage (the cloud hub)," said Colao, a former head of telecom
company Vodafone  VOD.L . "Anyway, we don't want to lose any
external contribution." 
    Last week the head of Italy's biggest phone group, Telecom
Italia  TLIT.MI , said it will submit an expression of interest
for the cloud hub project, in a tie-up with State lender CDP,
defence group Leonardo  LDOF.MI  and Italian government IT
agency Sogei.*:nL1N2Q608F
 ($1 = 0.8443 euro)

 (Reporting by Giuseppe Fonte and Elvira Pollina in Rome
Writing by Agnieszka Flak
Editing by Emelia Sithole-Matarise and Matthew Lewis)
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