DIPLOMATIC ECONOMY

DIPLOMATIC ECONOMY

EU Plans Consultation On Tech Giants’ Contribution To Telco Costs

By Matthew Broersma The European Commission is to launch a consultation on whether the biggest tech multinationals should contribute to the cost of Europe’s telecommunications networks by the end of the first quarter of next year, EU internal market commissioner Thierry Breton has announced. Breton said on Friday the so-called “fair share” remuneration issue would be part of a broader consultation. European telecommunications companies argue tech companies such as Facebook, Google and Netflix should help pay for the region’s telecoms infrastructure as they drive a significant portion of internet traffic....
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