U.S. markets closed
  • S&P Futures

    3,722.75
    -9.25 (-0.25%)
     
  • Dow Futures

    29,683.00
    -67.00 (-0.23%)
     
  • Nasdaq Futures

    11,513.00
    -42.75 (-0.37%)
     
  • Russell 2000 Futures

    1,717.20
    -3.60 (-0.21%)
     
  • Crude Oil

    81.83
    -0.32 (-0.39%)
     
  • Gold

    1,662.60
    -7.40 (-0.44%)
     
  • Silver

    18.72
    -0.16 (-0.85%)
     
  • EUR/USD

    0.9684
    -0.0055 (-0.56%)
     
  • 10-Yr Bond

    3.7050
    -0.2590 (-6.53%)
     
  • Vix

    30.18
    -2.42 (-7.42%)
     
  • GBP/USD

    1.0794
    -0.0091 (-0.84%)
     
  • USD/JPY

    144.3340
    +0.2120 (+0.15%)
     
  • BTC-USD

    19,445.52
    +836.50 (+4.50%)
     
  • CMC Crypto 200

    444.71
    +15.93 (+3.71%)
     
  • FTSE 100

    7,005.39
    +20.80 (+0.30%)
     
  • Nikkei 225

    26,238.32
    +64.34 (+0.25%)
     

TIM-led group signs deal to provide cloud services to Italian state

·1 min read
FILE PHOTO: The Tim logo is seen at its headquarters

MILAN (Reuters) - A consortium led by Telecom Italia (TIM) has signed an agreement with the Italian government to set up and manage cloud services for the country's public administration.

In a joint statement TIM and its partners - cybersecurity expert Leonardo, Italian state lender CDP and state-owned IT firm Sogei - said Italy's Innovation Ministry had granted them a 13-year concession to create the technological infrastructure known as the National Strategic Hub (NSH).

The cloud hub, one of the projects funded by the European Union to help Italy's economy recover from the pandemic, reflects European efforts to make the 27-member bloc less dependent on large overseas tech companies for cloud services.

The project masterminded by Rome aims to accelerate digital transformation and guarantee national data security.

(Reporting by Francesca Landini; Editing by Keith Weir)