Amazon’s cloud computing unit, AWS, is reportedly in talks with Italy to invest billions of euros in expanding its data center business in the country. This move is part of Amazon’s efforts to strengthen its cloud offering in Europe. Discussions are ongoing about the size and location of the investment, with the possibility of AWS expanding its current site in Milan or building a new one. The exact details of the investment have not been disclosed, but it is said to be in the range of billions of euros, although not as large as its plans for Spain.
AWS launched its first cloud region in Italy in 2020, with plans to invest €2 billion through 2029. The company’s clients in Italy include luxury carmaker Ferrari and insurer Assicurazioni Generali. AWS recently announced a €15.7 billion investment in data centers in Spain, replacing a previous 10-year plan and highlighting its commitment to expanding its infrastructure in Europe.
In addition to its investments in Italy and Spain, AWS is also planning to invest €7.8 billion in Germany until 2040. The company is building infrastructure to provide cloud services to telecommunications customers, with Telefónica Deutschland being its first customer to move 1 million customers to the AWS cloud.
AWS has also been focusing on data privacy and security by storing data on servers located in the European Union, catering to government and customers in highly regulated industries. The cloud infrastructure market is expected to experience growth driven by interest in artificial intelligence, with many large corporate clients increasing their spending on cloud computing.
Other tech giants like Alphabet and Microsoft have also made significant investments in cloud services in Italy. Alphabet invested €1 billion to establish two cloud regions for Italy’s largest bank, Intesa Sanpaolo, while Microsoft launched its first cloud region in Italy as part of a $1.5 billion investment plan announced in 2020.
Overall, AWS’s potential investment in Italy signals the company’s commitment to expanding its presence and strengthening its cloud infrastructure in Europe. The exact details of the investment and timeline for implementation have not been disclosed, but it is expected to further boost AWS’s position in the competitive cloud computing market.
Article Source
https://finance.yahoo.com/news/exclusive-amazon-talks-italy-invest-154535904.html
