--Swiss bank UBS Group AG (UBS) has agreed to use cloud services provided by Microsoft Corp. (MSFT) to store data, Bloomberg reported Tuesday, citing "people familiar with the matter."

--The bank could start using facilities near Zurich and Geneva to store data as soon as next year, the report said.

--The deal could be worth hundreds of millions of Swiss francs, the report said.

Full story: https://www.bloomberg.com/news/articles/2018-12-11/ubs-said-to-prepare-cloud-move-to-hidden-microsoft-data-centers?srnd=premium

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

December 11, 2018 13:01 ET (18:01 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
Microsoft (NASDAQ:MSFT)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Microsoft Charts.
Microsoft (NASDAQ:MSFT)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Microsoft Charts.