Telefonica to migrate systems onto cloud in deal with Oracle

FILE PHOTO: The logo of Spanish Telecom company Telefonica is seen at its headquarters in Madrid, Spain, May 12, 2021. REUTERS/Sergio Perez

MADRID (Reuters) - Spain's Telefonica signed a multi-year deal with cloud-service provider Oracle to migrate most of its database systems to the cloud, the firms said on Monday, in preparation for the use of 5G and the Internet of Things.

The telecoms operator, which already uses Oracle data systems, will transfer them to a fully cloud-based platform supporting its internal and commercial operations, including business intelligence services and billing, revenue and customer management products.