The French state and three industrial companies are expected to set up a new company that will provide cloud computing services on 1 November, Les Echos reports. Orange and Dassault Systemes will reportedly contribute E60m both in exchange for 26.7% of…
The French state and three industrial companies are expected to set up a new company that will provide cloud computing services on 1 November, Les Echos reports.
Orange and Dassault Systemes will reportedly contribute E60m both in exchange for 26.7% of the voting share for each of the companies, while Thales will pay E30m for 13.3% of the voting shares. The remaining 33.3% stake will be held by the state, which plans to invest E135m.
According to the reports, the shareholders will not be able to sell their shareholding for a period of five years.
The aim of the project would be to compete with Cisco, Microsoft, Google and Apple.
Orange will provide infrastructure and connectivity services, while Thales will provide security services.
Thales and France Telecom declined to comment, while Dassault Systeme and the ministry of industry were not immediately available for comments.
