{"id":18102,"date":"2023-06-04T15:52:44","date_gmt":"2023-06-04T19:52:44","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/majority-of-eu-countries-against-network-fee-levy-on-big-tech-sources-say\/"},"modified":"2023-06-04T15:52:45","modified_gmt":"2023-06-04T19:52:45","slug":"majority-of-eu-countries-against-network-fee-levy-on-big-tech-sources-say","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=18102","title":{"rendered":"Majority of EU countries against network fee levy on Big Tech, sources say"},"content":{"rendered":"<div>\n<div id=\"imgCarousel\" class=\"imgCarousel\">\n<p><span class=\"text\">\u00a9 Reuters. FILE PHOTO: European\u00a0Union\u00a0flags fly outside the\u00a0European\u00a0Commission headquarters in Brussels, Belgium, March 1, 2023.REUTERS\/Johanna Geron<\/span><br \/>\n<i class=\"imgGrad\"><\/i>\n<\/div>\n<p>By Foo Yun Chee<\/p>\n<p>BRUSSELS (Reuters) -A majority of EU countries have rejected a push by Europe&#8217;s big telecoms operators to force major tech companies such as Google to help fund the rollout of 5G and broadband in the region, people familiar with the matter said.<\/p>\n<p>At a meeting with EU industry chief Thierry Breton in Luxembourg on Thursday, telecoms ministers from 18 countries either rejected the proposed network fee levy on tech firms, or demanded a study into the need and impact of such a measure, the sources said.<\/p>\n<p>That echoed comments made last month by EU telecoms regulators&#8217; group BEREC.<\/p>\n<p>Deutsche Telekom (OTC:), Orange, Telefonica (NYSE:) and <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Telecom Italia <\/span><\/span> (BIT:) want Big Tech to shoulder part of the network costs on the grounds that their data and content makes up a large part of network traffic.<\/p>\n<p>They have found a receptive ear in the European Commission&#8217;s industry chief Breton, a former chief executive of France Telecom and French IT consulting firm Atos.<\/p>\n<p>Yet Alphabet (NASDAQ:) Inc&#8217;s Google, Apple Inc (NASDAQ:), Facebook parent Meta Platforms Inc (NASDAQ:), Netflix Inc (NASDAQ:), Amazon.com Inc (NASDAQ:) and <span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Microsoft Corp <\/span><\/span> (NASDAQ:) have rejected the idea of a levy, saying they already invest in the digital ecosystem.<\/p>\n<p>The European telecom ministers cited the lack of an analysis on the effects of a network levy, the absence of an investment shortfall, and the risk of Big Tech passing on the extra cost to consumers, the people said.<\/p>\n<p>They also warned about the potential violation of EU &#8220;net neutrality&#8221; rules, which require all users to be treated equally, as well as possible barriers to innovation, and a lower quality of products. <\/p>\n<p>Critics of a network levy included Austria, Belgium, Czech Republic, Denmark, Finland, Germany, Ireland, Lithuania, Malta and the Netherlands, the people said.<\/p>\n<p>But France, Greece, Hungary, Italy, Spain and Cyprus were among 10 countries which backed the idea, one of the people said.<\/p>\n<p>Poland, Portugal and Romania either took a neutral stance or had not adopted a position, the people said, but another person said they favoured a network fee.<\/p>\n<p>Breton is expected to issue a report by the end of June with a summary of feedback provided by Big Tech, telecoms providers and others, which will help decide his next steps.<\/p>\n<p>Any legislative proposal needs to be negotiated with EU countries and EU lawmakers before it can become law.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.investing.com\/news\/economy\/majority-of-eu-countries-against-network-fee-levy-on-big-tech-sources-say-3097451\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a9 Reuters. FILE PHOTO: European\u00a0Union\u00a0flags fly outside the\u00a0European\u00a0Commission headquarters in Brussels, Belgium, March 1, 2023.REUTERS\/Johanna Geron By Foo Yun Chee BRUSSELS (Reuters) -A majority of EU countries have rejected a push by Europe&#8217;s big telecoms operators to force major tech companies such as Google to help fund the rollout of 5G and broadband in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":18103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-18102","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Majority of EU countries against network fee levy on Big Tech, sources say | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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