Oracle invests $1B in Spain to open a third cloud region in Madrid with Telefonica España, enhancing financial sector support and digital transformation.

Oracle plans to invest $1B in Spain to open a third cloud region in Madrid, supporting the financial sector and key industries. The new region, partnered with Telefonica España, will help businesses leverage Oracle Cloud Infrastructure's high-performance capabilities, security, and AI. The investment is aimed at assisting Spanish organizations to innovate with AI and advance digital transformation.