U.S. markets closed
  • S&P Futures

    3,694.00
    -15.00 (-0.40%)
     
  • Dow Futures

    29,560.00
    -109.00 (-0.37%)
     
  • Nasdaq Futures

    11,337.50
    -39.25 (-0.35%)
     
  • Russell 2000 Futures

    1,679.00
    -7.10 (-0.42%)
     
  • Crude Oil

    78.48
    -0.26 (-0.33%)
     
  • Gold

    1,647.50
    -8.10 (-0.49%)
     
  • Silver

    18.51
    -0.40 (-2.09%)
     
  • EUR/USD

    0.9650
    -0.0038 (-0.40%)
     
  • 10-Yr Bond

    3.6970
    -0.0110 (-0.30%)
     
  • Vix

    29.92
    +2.57 (+9.40%)
     
  • GBP/USD

    1.0547
    -0.0310 (-2.86%)
     
  • USD/JPY

    144.0250
    +0.7050 (+0.49%)
     
  • BTC-USD

    18,928.08
    -93.92 (-0.49%)
     
  • CMC Crypto 200

    434.25
    -10.29 (-2.31%)
     
  • FTSE 100

    7,018.60
    -140.92 (-1.97%)
     
  • Nikkei 225

    26,619.53
    -534.30 (-1.97%)
     

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

·1 min read

By Foo Yun Chee

BRUSSELS, Aug 29 (Reuters) - Amended licensing deals and other changes making it easier for cloud service providers to compete will take effect on Oct. 1, Microsoft Corp 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, Alphabet's Google, Alibaba 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.

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

($1 = 0.9988 euros) (Reporting by Foo Yun Chee Editing by Bill Berkrot)