Amazon Web Services plans $8.4 bln cloud investment in Germany [Reuters]
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Source: Reuters
billion) in Germany through 2040 as it builds a cloud computing infrastructure specifically for Europe. AWS last year plans to store data on servers located in the European Union to protect data privacy for government and customers in highly regulated industries. The company said it will launch several data centres in the German state of Brandenburg by the end of 2025 which will be available to all customers. The new investment would support an average 2,800 full-time jobs in local German businesses each year, it said in a statement. Last week AWS also that it would help Telefonica Germany move one million 5G customers to its cloud platform from later this month. ($1 = 0.9241 euros) Get weekly news and analysis on the U.S. elections and how it matters to the world with the newsletter On the Campaign Trail. Sign up Reporting by Supantha Mukherjee in Stockholm; Editing by Michael Erman Our Standards:
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- Telefónica, S.A. (NYSE: TEF) was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "sell" rating.MarketBeat
TEF
Earnings
- 5/10/24 - Beat
TEF
Sec Filings
- 5/22/24 - Form SC
- 5/15/24 - Form SC
- 5/13/24 - Form SC
- TEF's page on the SEC website