The CMA has wide-ranging powers to insist on changes to business models of companies who are found to distort competition and the government plans to publish legislation as soon as this month that would give the watchdog the power to fine a company up to 10% of its global turnover. The Financial Conduct Authority is looking into whether companies such as Apple, Google and Amazon could harm competition in Britain’s financial services sector, while the CMA has previously said it would strengthen its ability to investigate big tech companies under its digital markets unit. Google, owned by Alphabet, was the nearest competitor to the pair, with between 5% and 10% of the UK market.Īn investigation of the cloud services sector would represent yet more regulatory scrutiny of big tech companies in the UK. Amazon Web Services (AWS) and Microsoft Azure control between 60% and 70% of the UK market, Ofcom said. That expansion has been behind the soaring global profits of Amazon and Microsoft in particular. The cloud services market – providing easy access to remote datacentres for a fee – has grown rapidly in the last decade to become a vital foundation for many of the world’s biggest websites and online services ranging from video streaming to mobile apps and government webpages. The companies and other interested organisations will have until 17 May to respond to Ofcom’s consultation, and the regulator will make a final decision on whether to refer the sector to the CMA by 5 October. ![]() It said it had “significant concerns” after finding “behaviours by some providers that could raise barriers to switching and use of multiple providers”.
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