TIM and Google Cloud have signed the official collaboration agreement, following the Memorandum of Understanding (MoU) in November 2019.
They will work together to build public, private and hybrid cloud services to expand TIM’s cloud and edge computing capabilities.
TIM aims to boost growth through technology services, targeting €1 billion in revenues and €0.4 billion in EBITDA by 2024.
Luigi Gubitosi, CEO, TIM, said, “This strategic partnership with Google places TIM 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.
"By choosing to join forces with a recognised global technological and innovation leader we confirm our commitment to promote and accompany Italy’s digital progress.”
TIM and Google Cloud will implement joint go-to-market initiatives. Their engineers will also work together to create cloud solutions for the Italian market.
Thomas Kurian, CEO, Google Cloud, said, "We are proud to collaborate with TIM to be able to help customers in Italy accelerate their digital transformation journeys.”
Google Cloud will work with TIM to open new ‘cloud regions’ in Italy. TIM also plans to set up new data centres as well as hire new cloud-focused staff and provide training for 6,000 existing commercial, pre-sales and technical employees.