Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Smaller EU telcos say network fee aimed at Big Tech will hurt competition

Published 08/30/2022, 04:37 PM
Updated 08/30/2022, 04:41 PM
© Reuters. FILE PHOTO: A 3D printed Facebook's new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration
GOOGL
-
CMCSA
-
NFLX
-
TEF
-
GOOG
-
DTEGY
-

By Foo Yun Chee

BRUSSELS (Reuters) - EU regulators' plan to make Alphabet (NASDAQ:GOOGL)'s Google, Meta and Netflix (NASDAQ:NFLX) bear some of the costs of the bloc's telecoms network would distort the telecoms market and harm competition, a group of small telecoms operators said on Tuesday.

The warning from MVNO Europe, whose members include Comcast (NASDAQ:CMCSA)'s pay TV company Sky which has its own mobile service, German mobile operator Freenet and Poste Italiane unit PosteMobile, underlined the stakes involved.

Big players such as Deutsche Telekom (OTC:DTEGY), Orange and Telefonica (NYSE:TEF) have long complained about tech rivals free-riding on their networks.

Their lobbying paid off when the European Commission earlier this year said it would propose legislation by year-end that would force tech rivals to partly fund network costs.

Such moves could cause more harm than good, MVNO Europe said on its website.

"We fear that the suggested network investment contributions would seriously harm competition on telecom markets, harm MVNOs directly, and ultimately be detrimental to both consumers and business users," it said.

MVNOs (mobile virtual network operators) do not own network infrastructure but piggyback on bigger rivals to provide their services to their customers.

"Materialization of the suggestions in legislation could lead to disruption of current peering and transit markets which are currently functioning competitively on the basis of well-established commercial practices," the group said.

"This proposal could bring to the unwished result that largest telecom providers will have their network services paid not only twice (by customers and by content and application providers), but even three times (that is also by alternative operators, which however are already paying network access fees)," it said.

© Reuters. FILE PHOTO: A 3D printed Facebook's new rebrand logo Meta is seen in front of displayed Google logo in this illustration taken on November 2, 2021. REUTERS/Dado Ruvic/Illustration

Digital rights activists have also warned of the risk to Europe's net neutrality rules that support an open internet.

France, Italy and Spain in a joint proposal earlier this month backed the idea.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.