Telecom Italia (TIM) has announced the creation of a new wholly-owned unit specialising in the provision of cloud and edge computing services called Noovle SpA as part of its stated objective to generate EUR 1 billion from cloud technologies by 2024. The operator acquired 100 percent of Milan-based ICT services provider Noovle for an undisclosed amount last summer and is now combining its services with those of TIM data centres all over the country to focus on supporting businesses and public administration offices in their cloud transformation projects.
Noovle will operate TIM’s proprietary network of 17 data centres across the country with six more Tier IV certification facilities on the way. The company said its cloud infrastructure will cover a total area of over 50,000 square metres nationally by 2022, with a capacity of up to 100 MW of usable IT power, and will be closely integrated with TIM's primary fibre-optic network to ensure reduced latency between services.
TIM also confirmed that former Google executive Carlo D’Asaro Biondo has been appointed Noovle chief executive after joining the operator last year. D’Asaro Biondo was previously president of Google’s European Partnerships Solutions team and was responsible for launching the “Digital News Initiative” project. He will head around 1,000 professionals at Noovle and has been tasked with achieving an average annual growth rate of around 20 percent and an expected EBITDA of around EUR 400 million by 2024.
Mariarosaria Taddeo, current Senior Research Fellow and deputy director of the Digital Ethics Lab at Oxford University’s Oxford Internet Institute, has been named Noovle’s Non-Executive Chairman.
