Online Cloud Services Need More Competition: EU’s Vestager

Cloud services like Amazon.com Inc., Microsoft Corp. and Alphabet Inc.’s Google need more competitors so European businesses have more choice about where to store their data, the European Union’s tech and antitrust chief says at an online conference Monday.

• “We need competition to the cloud solutions that we see today,” said European Commission Executive Vice President Margrethe Vestager, adding it was important that European businesses “feel they have real choices when it comes to how and where to store their data.”
• Vestager said the Gaia-X project, a cloud service for companies to store data in Europe, is ...