Nokia moves to Google Cloud, signs five-year deal
Tweet
Share
E-mail
FILE PHOTO: The logo of Nokia is seen at the Nokia Paris-Saclay campus as employees of Nokia demonstrate during a strike called by unions in Nozay, near Paris, France, June 30, 2020. REUTERS/Benoit Tessier
Get Alerts GOOGL Hot Sheet
Join SI Premium – FREE
(Reuters) - Finland's Nokia
"The agreement is expected to drive meaningful operational efficiencies and cost savings over time due to a reduction in real estate footprint, hardware energy consumption, and hardware capacity purchasing needs," it said in a statement.
It did not unveil the financial details of the contract, but said it will take 18-24 months for the full migration.
(Reporting by Tarmo Virki in Tallinn;Editing by Elaine Hardcastle)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Palantir stock tumbles as Google encroaches on defense AI market
- Guidewire shares tumble on weak first quarter guidance
- Canada’s trade surplus narrows in July as exports fall for first time in six month
Create E-mail Alert Related Categories
General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
