1 Telecom Heading to the Cloud

Grazed from The Motely Fool. Author: Justin Loiseau.

The cloud computing commoditization countdown continues. Spanish telecom Telefonica Digital (NYSE: TEF ) announced their newest "infrastructure-as-a-service" product on Tuesday, and the ripple effect could be felt throughout the tech world. Here’s what you need to know.

Store it. All of it.

They call it "Instant Servers," the ultimate offering that delivers on-demand, high performance cloud computing for developers, digital businesses, and large enterprises. "Telefonica Digital seeks to meet the needs of thousands of businesses that require a cloud services platform that is easily scalable, with low latency and totally trustworthy, enabling them not only to rapidly respond to their own needs, but also to the expectations of their customers," said Carlos Morales, Cloud and M2M Director. "This can all be done with significant cost savings as customers only pay for the type of cloud services they require and the time they use them for. This offering completes our portfolio of services to meet our business customer needs."…

The telecom is taking its offering seriously, guaranteeing financial compensation to any customer in the event of non-compliance. But according to the corporation’s track record, non-compliance shouldn’t be an issue. Telefonica enjoys a market-leading service level agreement of 99.996%. Compared to Amazon’s (Nasdaq: AMZN ) and Microsoft’s (Nasdaq: MSFT ) 99.5%, customers looking for ultimate reliability may find themselves tempted by Telefonica…

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