Telefónica Enhances Cloud Strategy with Vivo's Acquisition of Ipnet
Telefónica's Strategic Move in Brazil
Telefónica is making significant strides in the Brazilian cloud market. This acquisition of Ipnet, a local firm known for its specialization in cloud computing, underscores the company’s commitment to bolstering its presence against prominent competitors such as AWS and Microsoft.
Details of the Acquisition
- Acquisition cost: 230 million reais (US$40.8 million)
- Ipnet's primary role as the main integrator of Google Cloud services in Brazil
- Telefónica's aim to enhance cloud capabilities through this partnership
Conclusion
The acquisition of Ipnet positions Telefónica as a stronger player in the competitive Brazilian cloud landscape. By leveraging local expertise and Google Cloud services, Telefónica is on track to effectively challenge other major players in the market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.