I think they would if either Azure or GCP lowered theirs. The bandwidth pricing for all 3 is very similar. I think neither of the 3 wants to reduce the margins

I think they would if either Azure or GCP lowered theirs. The bandwidth pricing for all 3 is very similar. I think neither of the 3 wants to reduce the margins on this, since it might significantly make cloud a much lower profit business, and that would make winning in it pointless. It's better to make good money being 3rd than to be first in a commodity market.