@taskmaster4450le "## [British regulators will soon announce competit..." by taskmaster4450le

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hive-167922 · @taskmaster4450le · Nov 21 '24 (edited)

@taskmaster4450le "## [British regulators will soon announce competit..."

## [British regulators will soon announce competition remedies for the multibillion-pound cloud industry](https://www.cnbc.com/2024/11/21/british-regulator-prepares-competition-remedies-for-cloud-market.html)

Britain's competition regulator is preparing remedies aimed at solving competition issues in the multibillion-pound cloud computing industry.

The Competition and Markets Authority is set to unveil its provisional decision detailing "behavioral" remedies addressing anti-competitive practices in the sector following a months-long investigation into the market, two sources familiar with the matter told CNBC.

#britain #regulation #cloud #technology

👍 dinodino

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@dinodino · Nov 21 '24

$0.10

@dinodino "Most things are going into cloud, Britain wants to..."

Most things are going into cloud, Britain wants to dominate tech and not leave for U.S, they having regulations now is proof that they're serious about the tech competition

👍 taskmaster4450le, beststart, lbi-token, partytime.inleo, town-hall-voter, magnacarta, xlety, ijebest, caleb-marvel, calebmarvel01

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@taskmaster4450le · Nov 21 '24

@taskmaster4450le "The sources, who preferred to remain anonymous giv..."

The sources, who preferred to remain anonymous given the investigation's sensitive nature, said that the cloud market remedies could be announced within the next two weeks. The regulator previously set itself a deadline of November to December 2024 to publish its provisional decision.

A CMA spokesperson declined to comment on the specific timing of its provisional decision when asked by CNBC.

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@taskmaster4450le · Nov 21 '24

@taskmaster4450le "Cloud infrastructure services is a market that's d..."

Cloud infrastructure services is a market that's dominated by U.S. technology giants Amazon and Microsoft. Amazon is the largest player in the market, offering cloud services via its Amazon Web Services (AWS) arm. Microsoft is the second-largest provider, selling cloud products under its Microsoft Azure unit.

The CMA probe traces its history back to 2022, when U.K. telecoms regulator Ofcom kicked off a market study examining the dominance of cloud giants Amazon, Microsoft and Google. Ofcom subsequently referred its cloud review to the CMA to address competition issues in the market.

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