hometechnology NewsWith eye on Big Tech, energy crisis, EU telcos call for shared network costs

With eye on Big Tech, energy crisis, EU telcos call for shared network costs

Deutsche Telekom, Orange, Telefonica and 13 other European telecoms providers on Monday made their strongest push for Big Tech to share network costs, citing the energy crisis and EU climate change goals.

By Reuters Sept 26, 2022 1:09:49 PM IST (Published)

2 Min Read

Deutsche Telekom, Orange, Telefonica and 13 other European telecoms providers on Monday made their strongest push for Big Tech to share network costs, citing the energy crisis and EU climate change goals.
The call comes as the European Commission prepares to seek feedback from both sides before making a legislative proposal that could force tech companies to help pay for the roll-out of 5G and fibre cables across the 27-country European Union.
The sector which invests some 50 billion euros ($48.5 billion) annually in infrastructure, needs more funding and urgently, the chief executives of the companies said in a statement.