Business & FinanceTechnology
14 February 2023, 4:30 pm. 1 minute
| Reuters exclusively reveals that EU industry chief Thierry Breton is poised to launch a consultation on whether Big Tech should bear a portion of telecoms network costs. Breton confirms the consultation will be announced at Barcelona. EU telecoms providers have long sought to have Big Tech cover some infrastructure cost for 5G and broadband, as the six largest content providers account for more than half of data internet traffic. The tech giants, however, believe that could undermine Europe’s net neutrality rules to ensure all users are treated equally. |
Market Impact
The telecoms companies say the six largest content providers – Meta (META.O), Amazon.com Inc (AMZN.O), Netflix Inc (NFLX.O), Apple Inc (AAPL.O), Microsoft Corp (MSFT.O) and Alphabet Inc’s Google (GOOGL.O) – account for more than half of data internet traffic. The tech giants say the idea amounts to an internet traffic tax that could undermine Europe’s net neutrality rules to ensure all users are treated equally.
Article Tags
Topics of Interest: Business & FinanceTechnology
Type: Reuters Best
Sectors: Business & FinanceTechnologyTelecommunications
Regions: Europe
Countries: AustriaBelgiumBulgariaCroatiaCyprusCzech RepublicDenmarkEstoniaFinlandFranceGermanyGreeceHungaryIrelandItalyLatviaLithuaniaLuxembourgMaltaNetherlandsPolandPortugalRomaniaSlovakiaSloveniaSpainSweden
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story