UK markets close in 43 minutes
  • FTSE 100

    7,139.24
    -29.44 (-0.41%)
     
  • FTSE 250

    22,738.13
    -174.60 (-0.76%)
     
  • AIM

    1,189.85
    -6.20 (-0.52%)
     
  • GBP/EUR

    1.1761
    +0.0036 (+0.31%)
     
  • GBP/USD

    1.3320
    +0.0042 (+0.32%)
     
  • BTC-GBP

    42,279.04
    -1,846.73 (-4.19%)
     
  • CMC Crypto 200

    1,435.45
    -3.43 (-0.24%)
     
  • S&P 500

    4,534.11
    +21.07 (+0.47%)
     
  • DOW

    34,351.81
    +329.77 (+0.97%)
     
  • CRUDE OIL

    65.58
    +0.01 (+0.02%)
     
  • GOLD FUTURES

    1,772.00
    -12.30 (-0.69%)
     
  • NIKKEI 225

    27,753.37
    -182.25 (-0.65%)
     
  • HANG SENG

    23,788.93
    +130.01 (+0.55%)
     
  • DAX

    15,291.70
    -180.97 (-1.17%)
     
  • CAC 40

    6,810.65
    -71.22 (-1.03%)
     

Oracle partners with India's Airtel in boost for cloud business

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
FILE PHOTO: The Oracle logo is shown on an office building in Irvine, California
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

By Sankalp Phartiyal

NEW DELHI (Reuters) - Cloud service provider Oracle on Wednesday said it was partnering with Indian telecoms group Bharti Airtel's data centre unit in an expansion push that will widen the U.S. company's customer access in one of its fastest-growing markets.

The partnership with Airtel Nxtra will help Oracle, which runs a cloud region in financial capital of Mumbai and another in the southern tech hub of Hyderabad, expand the capacity of its India West region, said Garrett Ilg, President, Oracle Japan and Asia Pacific.

"When we bring a company like Airtel into the conversation they have these relationships with customers ... and that will help us get to that customer base way faster, with way more trust and most importantly with way less risk," Ilg told Reuters.

Ilg did not disclose financial terms of the Oracle-Airtel collaboration.

For Oracle, the tie-up marks the opportunity to sell cloud services to Airtel's more than a million India enterprise customers. It's also a chance to tap tens of millions of small businesses looking to use digital services in a market where public cloud spending is expected to exceed $12 billion by 2025, according to tech researcher Gartner.

The arrangement also boosts Airtel's data centre expansion drive - for which it has committed to invest more than $673 million- helping the company add new revenue streams and lure enterprise clients who typically offer higher margins.

Airtel competes with billionaire tycoon Mukesh Ambani's Reliance Jio telecoms venture, which forged an alliance with Microsoft in 2019 to build data centres across India. This year Jio partnered with Google to boost its enterprise and consumer offerings as it plans to launch 5G services.

Ilg said Oracle was going to hire thousands of employees annually over the next few years, highlighting the Austin, Texas-headquartered company's focus on India.

Separately, Oracle also said it was opening a cloud region in Singapore which will help it offer enterprise cloud services in Southeast Asia, another key market for the U.S. company.

Oracle will also invest as much as $30,000 in the city state's startups to help them enhance their cloud capabilities, Ilg added.

(Reporting by Sankalp Phartiyal; Editing by Kenneth Maxwell)

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting