Reuters reveals Europe's telcos want U.S. tech giants to help fund network costs - Reuters News Agency
Business & FinanceTechnology

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.

Article Tags
Topics of Interest: Business & FinanceTechnology
Type: Reuters Best
Sectors: Telecommunications
Regions: Europe
Countries: Belgium
Win Types: Overall Coverage
Media Types: Text
Customer Impact: Important Regional Story
FILE PHOTO: The sun sets behind transmitting antennas on a mobile-phone network relay mast in Vertou near Nantes France, November 10, 2021. REUTERS/Stephane Mahe/File Photo
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