Telecom Italia (TIM) has been through turbulent times in recent years but is putting considerable faith in telco cloud services to help it turn itself around. With its mobile business under increasing pressure, it is eyeing a break-up, with carve-outs of its tower operations (into a partnership with Vodafone) and of its cloud and data center business, via a strategic alliance with Google. It is also in talks with private equity firm KKR about potentially selling its fixed-line division and merging it with state-backed OpenFiber to form a single national FTTx infrastructure. The divestment program, along with stringent cost-cutting including layoffs, has reduced TIM’s debt mountain from €23.3bn ($25.5bn) in 2018 to €21.7bn ($23.7bn) at the end of March 2020.…