Telefonica Digital and Telstra have announced they are making strategic investments in cloud company Box.
The investments by the two operators are part of a wider announcement by US-based Box, which is looking to expand globally.
The company, which provides online file sharing and cloud content management service for businesses, has more than 20 million users worldwide.
The announcement includes commercial agreements with a number of Japanese companies ahead of its official launch in the company next year. In total, it has raised €73 million in new funding.
"The combination of cloud and mobile technologies creates an entirely new way of working that will fundamentally reshape the IT industry," commented Aaron Levie, co-founder and CEO, Box.
"Our new partners will help us connect and work with businesses in key global markets as they manage this transition."
Telefónica has 320 million customers across Europe and Latin America, while Telstra an international presence spanning 15 countries.
"We know how much our customers, both large and small, value the convenience and flexibility of cloud storage, and Box is the clear leader in this space," said Tracy Isacke, Telefonica Digital's Executive Vice President of Investment and Business Development.
"We look forward to working with Box as an investor and partner to bring the best possible cloud-based products and services to our customers."
Telstra Ventures MD Mark Sherman said his company was investing globally “to build relationships and cultivate the new technologies and applications” and highlighted Box’s focus on security and mobility for the enterprise.
Earlier this week, Turk Telecom announced it has selected HP’s cloud solution as it looks to boost its IT services offering for the enterprise market.
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