🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Microsoft cloud computing changes to allay EU antitrust concerns effective Oct. 1

Published 08/29/2022, 01:35 PM
Updated 08/29/2022, 04:40 PM
© Reuters. FILE PHOTO: A Microsoft logo is seen a day after Microsoft Corp's $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, U.S. June 14, 2016. REUTERS/Lucy Nicholson
MSFT
-
GOOGL
-
AMZN
-
GOOG
-
BABA
-

By Foo Yun Chee

BRUSSELS (Reuters) - Amended licensing deals and other changes making it easier for cloud service providers to compete will take effect on Oct. 1, Microsoft Corp (NASDAQ:MSFT) said on Monday, a move triggered by complaints about the U.S. software company to EU antitrust regulators.

Microsoft President Brad Smith had announced the changes in May but did not say when they would be effective.

The company, which has been fined 1.6 billion euros ($1.6 billion) by the European Commission in the previous decade for various infringements, found itself once again in the EU's crosshairs following complaints by cloud service providers in Germany, Italy, Denmark and France.

"On October 1, 2022, Microsoft will implement significant upgrades to our outsourcing and hosting terms that will benefit customers worldwide," the company said in a blogpost.

The revised licensing deals mean customers can use their licenses on any European cloud provider delivering services to their own data centers.

Rivals Amazon.com (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL)'s Google, Alibaba (NYSE:BABA) and Microsoft's own cloud services will be excluded from the deals.

Customers also will be allowed to buy licenses just for the virtual environment without the need to buy the physical hardware.

© Reuters. FILE PHOTO: A Microsoft logo is seen a day after Microsoft Corp's $26.2 billion purchase of LinkedIn Corp, in Los Angeles, California, U.S. June 14, 2016. REUTERS/Lucy Nicholson

The EU competition watchdog has yet to comment on Microsoft's proposals.

($1 = 0.9988 euros)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.