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Investing.com -- The Competition and Markets Authority (CMA), the UK's competition watchdog, has released provisional findings suggesting that Amazon (NASDAQ:AMZN) Web Services (AWS) and Microsoft (NASDAQ:MSFT)'s cloud service operations may need to be investigated.
The independent inquiry group of the CMA has recommended that the regulator use new digital market powers to look into these services, as per a recent statement.
The preliminary findings indicate that competition in the UK cloud services market, valued at £9 billion, is not functioning optimally. This could be leading to increased costs, diminished choice, reduced innovation, and a lower quality of service, according to the report issued by the inquiry group.
The CMA will review these findings and consult with relevant parties before reaching a final decision. The deadline for this decision is set for August 4.
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