Amazon in Talks with Italy To Fund Billions in Cloud Plan

CIOTechOutlook Team | Tuesday, 28 May 2024, 05:15 IST

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Amazon's computing unit AWS is in communication with Italy to fund billions of euros in the extension of its data centre business in the nation as a feature of the tech giant's work to support its cloud offer in Europe, four individuals acquainted with the matter said.
 
Conversations between parties over the size and the area of the venture are progressing, as per the sources, with one of them saying Amazon Web Service (AWS) is thinking about extending its ongoing site in Milan or building another one.
 
AWS introduced its first cloud area in Italy in 2020 as a part of an arrangement to contribute 2 billion euros ($2.2 billion) by 2029. It counts extravagance carmaker Ferrari and insurer Assicurazioni Generali among its users in the nation, its site showed. The firm has as of late uncovered a 15.7 billion euros investment in data centres in Spain's northeastern Aragon locale, supplanting a past 10-year plan reported in 2021, when the organization reserved 2.5 billion euros for the nation.
 
As per one of the sources, AWS' funding in Italy would be in the billions however it probably won't arrive at the size of its arrangements for Spain. A declaration isn't approaching. In Germany, AWS plans to contribute 7.8 billion euros through 2040. AWS is additionally fabricating framework to give cloud services to telecom customers, which require tremendous assets.
 
It caught its first user prior this month when Telefonica Deutschland reported plans to move 1 million clients to AWS cloud. AWS last year reported plans to store data on servers situated in the European Union to safeguard information protection for government and customers in exceptionally controlled industries.
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