Active Stocks
Tue Apr 16 2024 15:59:30
  1. Tata Steel share price
  2. 160.05 -0.53%
  1. Infosys share price
  2. 1,414.75 -3.65%
  1. NTPC share price
  2. 359.40 -0.54%
  1. State Bank Of India share price
  2. 751.90 -0.65%
  1. HDFC Bank share price
  2. 1,509.40 0.97%
Business News/ News / World/  Microsoft offers to change cloud practices to settle antitrust complaints-source
BackBack

Microsoft offers to change cloud practices to settle antitrust complaints-source

French cloud computing services provider OVHcloud, Italian cloud service provider Aruba and a Danish association of cloud service providers had complained to the European Commission about Microsoft's cloud practices

The U.S. software group has put forward a concrete proposal, building on last year's announcement by its president, Brad Smith, the person said. (REUTERS)Premium
The U.S. software group has put forward a concrete proposal, building on last year's announcement by its president, Brad Smith, the person said. (REUTERS)

Microsoft has offered to change its cloud computing practices to settle antitrust complaints filed by its smaller rivals, a person with direct knowledge of the matter said on Tuesday, a move that will stave off an EU investigation.

French cloud computing services provider OVHcloud, Italian cloud service provider Aruba and a Danish association of cloud service providers had complained to the European Commission about Microsoft's cloud practices and licensing deals.

The U.S. software group has put forward a concrete proposal, building on last year's announcement by its president, Brad Smith, the person said.

The Commission, which acts as the competition enforcer for the 27-country European Union and has fined Microsoft more than 1.6 billion euros ($1.7 billion) in the past decade, will monitor the settlement, the person said.

Microsoft said: "We are grateful for the productive conversations that led us there and appreciate the feedback that we have received since."

The EU antitrust watchdog, Aruba, OVH and the Danish Cloud Community did not immediately respond to requests for comment.

Reuters reported last week that rivals wanted Microsoft to do more to resolve their complaints after an initial offer fell short. The person said this piled pressure on the company to improve its proposal.

Bloomberg first reported on the imminent deal.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

This story has been published from a wire agency feed without modifications to the text.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 28 Mar 2023, 09:54 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App