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Investing.com -- Telecom Italia (BIT:TLIT) shares rose 4% on Friday after the group’s enterprise division announced a €1 billion investment plan aimed at accelerating Italy’s digital transformation.
The plan, presented to the financial community at the Santo Stefano Ticino Data Center, covers the period 2025 to 2027 and will focus on expanding cloud, edge computing, cybersecurity, artificial intelligence, 5G and IoT services.
The program follows €350 million in investments made in 2024 and will bring the total to roughly €1 billion.
A major part of the spending will go toward the company’s data center network, which is expected to reach 125 MW of installed capacity across 17 sites, eight of them TIER IV or Rating IV certified.
The plan also calls for a new “AI-ready” facility and the upgrade of two existing data centers. Around €105 million will be dedicated to edge cloud expansion.
TIM Enterprise serves more than 30,000 business and public administration clients and reported revenues of €3.3 billion in 2024, with a gross margin of €1.2 billion and EBITDA After Lease of €700 million.
Cloud remains the largest source of revenue for the division, surpassing €1 billion last year, with further growth expected in 2025.
The investment plan is supported by a backlog of about €4 billion in contracts with leading companies and public administrations.
TIM Enterprise also plays a central role in the National Strategic Hub, a sovereign cloud initiative developed with Leonardo, CDP and Sogei.