Yes, provided they meet certain requirements. This process is called as License Mobility through Software Assurance. With License Mobility through Software Assurance, eligible application server licenses (e.g. SharePoint, SQL, Exchange etc.) can be deployed on SPLA partner’s shared hardware environment as long as you do not share the application with other customers and the on premises instance is no longer running.
This helps to increase flexibility for the customer to deploy workloads in a variety of cloud-hosted environments as well as capitalize on the lower-cost but better secured and managed infrastructure platform of our hosting SPLA partners. Please click here for more information on benefits and requirements of License Mobility through Software Assurance.