Exclusive-EU wants details of Big Tech, telcos investment plans – source

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Reuters UK

By Foo Yun Chee BRUSSELS (Reuters) – The European Commission wants to ask Big Tech and European Union telecoms providers about their investment outlays and cloud infrastructure plans before tabling legislation that could make the former pay for network costs, a person familiar with the matter said on Tuesday. Deutsche Telekom, Orange, Telefonica, Telecom Italia and the big operators say such a move is all about a fair share contribution as the six largest content providers account for just over half of data internet traffic. Alphabet Inc unit Google, Netflix Inc, Meta, Inc and other…

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