- Alphabet Inc (NASDAQ:GOOGL and NASDAQ:GOOG) announced that Google Cloud has signed a deal with Telefonica S.A (NYSE: TEF)
Alphabet Inc (NASDAQ:GOOGL and NASDAQ:GOOG) announced recently that the Google Cloud arm of the company has signed a deal with Telefonica S.A (NYSE: TEF) to foster the country’s digital transformation and advance 5G mobile edge computing. And as part of the agreement, Google Cloud is planning to open a new cloud region in Spain that will utilize Telefonica’s Madrid region infrastructure.
The acceleration of Spain’s digital transformation and the proliferation of 5G technologies for consumers and businesses are major growth engines for the economy. And Spain needs enterprises and public organizations of all sizes to be ready to embrace present and future digital challenges and to do so. And this strong technology backbone will allow easy access to new innovations that will accelerate business development, complete with investments in technological solutions.
Telefónica Tech’s cloud business is going to reinforce its multi-cloud strategy worldwide with joint marketing plans in order to offer its customers a comprehensive solution, — which together with security and communications — will allow companies to enjoy a unique and comprehensive experience.
This partnership also marks the significance and relevance of cloud computing for the future of the telecommunications industry. And Telefónica’s strong infrastructure combined with Google Cloud’s mobile edge platform will deliver reliable and value-added 5G services to Spanish businesses and consumers.
Telefónica will also use Google Cloud services to boost its own digital capabilities in areas like machine learning, artificial intelligence (AI), data analytics, and application development to continue to provide new services and tools to its global customer base.
Due to home confinement mandates around the world due to the pandemic, the use of cloud solutions to facilitate remote work has grown exponentially. And technology adoption will only accelerate and become more sophisticated in the coming years as cloud services increase in demand thus allowing companies to be more competitive through analytics, artificial intelligence capabilities, the Internet of Things (IoT), and edge computing.
With the future opening of this new Google Cloud region in Spain, customers are going to benefit from the integration with Telefonica’s communications and cloud services. And they will have the opportunity to use Google Cloud products with low latency and high performance while also having the option to store their applications in local public cloud servers.
Designed for high availability, the region will have 3 zones to protect against service disruptions and will launch with the standard set of Google Cloud Platform products, including Compute Engine, App Engine, Google Kubernetes Engine, Bigtable, Cloud Storage, Spanner, and BigQuery. This investment is going to facilitate enterprises and public administrations to unleash the potential of cloud computing based on Google Cloud’s AI technologies while maintaining the highest cybersecurity, data residency and compliance standards with specific data storage requirements.
With this alliance, the two companies strengthen their collaboration announced in 2019 to include Google Cloud solutions in Telefónica’s global B2B Portfolio. And in April of this year, both companies engaged in a cybersecurity agreement between ElevenPaths and Chronicle to bring more powerful and flexible managed security analytics services to enterprises in Europe and Latin America.
Key Quotes:
“The unusual situation that we have had to live in, marked by the confinement of the world’s population and the exponential increase in remote work and online education and entertainment, has highlighted the key role that connectivity and digitalization play in society to create a more inclusive and sustainable future. With our alliance with Google Cloud we want to fulfil our social commitment and foster the recovery of the economy helping companies, the public administration and all types of organizations not only to recover the ground lost by the crisis but also to promote their digital transformation and strengthen themselves for the future.”
– José María Álvarez-Pallete, Chairman & CEO Telefónica
“Helping businesses adapt to our changing world has been a big focus for Google, before and during the COVID-19 crisis. We’re excited to be partnering with Telefónica to launch a new cloud region in Spain and help Spanish businesses big and small find new ways to innovate and contribute to the country’s economic recovery.”
– Sundar Pichai, CEO of Google and Alphabet
