Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsWorldUK to examine cloud services dominated by Amazon, Microsoft and Google

    UK to examine cloud services dominated by Amazon, Microsoft and Google

    Communications regulator Ofcom also said on Thursday it would examine other digital markets over the next year, including messaging services such as WhatsApp, FaceTime and Zoom, and connected televisions and smart speakers.

    Reuters
    September 22, 2022 / 13:02 IST
    Amazon (Image Courtesy: Reuters)

    Britain said it would investigate competition in cloud services, a market dominated by the "hyperscalers" Amazon, Microsoft and Alphabet's Google , which together account for around 81% of revenue.

    Communications regulator Ofcom also said on Thursday it would examine other digital markets over the next year, including messaging services such as WhatsApp, FaceTime and Zoom, and connected televisions and smart speakers.

    It said if it concluded the cloud market was not working well it could recommendation policy changes, take enforcement action or ask the competition regulator to investigate.

    It plans to publish a final report within 12 months, it said.

    Reuters
    first published: Sep 22, 2022 01:02 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347