UK's Ofcom Earlier Announced It Referred UK Cloud Market To Competition and Markets Authority For Investigation
Portfolio Pulse from Charles Gross
UK's Ofcom has referred the public cloud infrastructure services market to the Competition and Markets Authority for further investigation. The study identified features that make it difficult for UK businesses to switch and use multiple cloud suppliers. Market leaders Amazon and Microsoft are of particular concern.
October 05, 2023 | 8:53 am
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NEGATIVE IMPACT
Amazon's position as a market leader in the UK's public cloud infrastructure services market is under scrutiny by the Competition and Markets Authority.
The investigation into the public cloud infrastructure services market could potentially lead to regulatory actions against Amazon, which could negatively impact its business operations and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The UK's public cloud infrastructure services market, which includes companies like Amazon and Microsoft, is under investigation by the Competition and Markets Authority.
The investigation into the public cloud infrastructure services market could potentially lead to regulatory actions that impact the overall UK market, including the ETF EWU, which tracks the UK market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Microsoft's position as a market leader in the UK's public cloud infrastructure services market is under scrutiny by the Competition and Markets Authority.
The investigation into the public cloud infrastructure services market could potentially lead to regulatory actions against Microsoft, which could negatively impact its business operations and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80