According to four people with direct knowledge of the situation, telecom companies are pressuring the European Union to enact new regulations that would make Big Tech pay for network expenditures, following Australia’s lead.Telecom companies in Europe have pushed for financial support from American digital companies like Alphabet’s Google (GOOGL.O), Facebook (META.O), and Netflix (NFLX.O), claiming that they account for a significant portion of the region’s internet traffic.
The latest plan, which hasn’t been publicised, is being reviewed by the GSMA, an organisation that advocates for more than 750 mobile operators in the telecom industry.
