Telecom Italia Buys Noovle to Strengthen Cloud Business
May 25 2020 - 12:53PM
Dow Jones News
By Kim Richters
Telecom Italia SpA said Monday that it has agreed to acquire
digital-consulting company Noovle.
The Italian telecommunications company said the acquisition of
Milan-based Noovle will help the group to expand its cloud-services
business and strengthen its partnership with Google.
"We are happy to welcome Noovle into TIM's group. As the
reference partner of Google Cloud in Italy, it will allow us to
complete our expertise in this sector," said Carlo D'Asaro Biondo,
the company's executive vice president at its Cloud Project.
"With the synergies it will bring, we expect a significant
acceleration on the supply front and strengthening of our position
on the market," he said
Telecom Italia didn't comment on the financial terms of the
deal.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
May 25, 2020 12:38 ET (16:38 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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