Telecom Italia SPA (IT:TIT) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Telecom Italia SPA is investing approximately 130 million euros to expand its Cloud capabilities and construct a new, eco-friendly Data Center near Rome, boosting its data capacity to maintain market leadership. This move aligns with their strategic plan to address increasing demands from businesses and public administrations for advanced data services. The Data Center will feature cutting-edge technology for AI and quantum encryption, ensuring high security and efficiency.
For further insights into IT:TIT stock, check out TipRanks’ Stock Analysis page.