Reuters reveals Europe’s telcos want U.S. tech giants to help fund network costs

Chief executives of Deutsche Telekom, Vodafone and 11 other major European telecoms companies said U.S. tech giants should bear some of the costs of developing Europe’s telecoms networks because they use them so heavily. The call by the CEOs in a joint statement seen by Reuters comes as the telecoms industry faces massive investments for 5G, fiber and cable networks to cope with data and cloud services provided by Netflix and Google’s YouTube and Facebook.