“Telco cloud” has become a byword for telecom modernisation, though views on exactly what the cloudification of communication networks entails may vary from people to people. This Telecoms.com Intelligence monthly briefing, sponsored by Red Hat, explores the implications of telecom operators’ migration to cloud on their strategies, as well as the different options they may pursue. Although in the long run telecom operators and internet companies will find increasing convergence, and we are seeing more cross-ownership between the two types of businesses, telco’s evolution to cloud native will be a long process and may take different shapes.