Without us 'there is no Google': EU telcos ramp up pressure on Big Tech to pay for the internet
Publishing timestamp: 2023-03-10 01:35:56
Summary
European telecom companies are pressuring regulators to make tech giants pay for the cost of building the backbone of the internet. The telcos argue that large internet firms have built their businesses on the back of multi-billion dollar investments that carriers have made in internet infrastructure. The European Commission is examining how to address the imbalance and is seeking views on whether to require direct contributions from internet giants to telco operators. Tech firms view this as an "internet tax" that could undermine net neutrality. The debate has sparked concern that principles of net neutrality could be undermined. One solution is to require individual bargaining deals with Big Tech firms, similar to Australian licensing models between news publishers and internet platforms.
Sentiment: MIXED
Tickers: NFLX, AMZN, META, MSFT, AAPL, DTE-DE, GOOGL,
Keywords: microsoft corp, politics, internet, meta platforms inc, united states, netflix inc, alphabet inc, apple inc, deutsche telekom ag, business news, technology, telecommunications, enterprise, amazon.com inc,