CMA investigates major tech firms under new digital powers
CMA launches two new investigations into major tech firms under expanded digital market powers.
The UK’s Competition and Markets Authority (CMA) has announced plans to begin two investigations this month under its new digital markets powers. These measures focus on encouraging investment, innovation, and growth while targeting the largest tech firms.
Only companies designated with ‘Strategic Market Status’ (SMS) will face these investigations, with the bar for SMS status set high. Apple and Google were previously identified for potentially limiting competition in mobile ecosystems. Further details on the investigations will be revealed soon, with a third inquiry expected in about six months.
Each investigation will be completed within nine months. The CMA aims to prevent large tech firms from favouring their services over smaller competitors and to make switching digital providers easier for consumers.
The regulator, which has gained greater merger control powers post-Brexit, was urged by Prime Minister Keir Starmer to focus more on growth. The new regime seeks to balance market competitiveness with the UK’s appeal for tech investment.