By Dominic Chopping

 

Nokia Corp. said Wednesday that it has signed a deal to migrate its global data centers, servers and various software applications onto Google Cloud.

The deal reflects Nokia's operational shift to a cloud-first IT strategy and its efforts to strengthen digital operations, Nokia said in a statement.

The network equipment vendor expects the deal to drive operational efficiencies and cost savings, as real estate, energy consumption, and hardware capacity purchasing needs are reduced.

Financial details weren't disclosed, but Nokia said the collaboration will run for five years. Deployment of the migration has already started and is expected to extend over 18 to 24 months.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

October 14, 2020 09:35 ET (13:35 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Alphabet (NASDAQ:GOOG)
Historical Stock Chart
From Nov 2020 to Dec 2020 Click Here for more Alphabet Charts.
Alphabet (NASDAQ:GOOG)
Historical Stock Chart
From Dec 2019 to Dec 2020 Click Here for more Alphabet Charts.