Telcos urge EU to rein in Facebook, Google
[LONDON] Vodafone Group and Telefonica SA have urged the European Union (EU) to focus less on new rules for phone companies and more on Facebook and Google to reduce their dominance.
The carriers are battling so-called network neutrality proposals, championed by Internet companies, that they say will hurt business and discourage new products such as driverless cars. The proposals are meant to prevent carriers from blocking access to some websites or slowing Web traffic.
"Network neutrality was invented by those who don't want neutrality," Telefonica chief executive officer Cesar Alierta said at a technology conference in Santander, Spain, on Monday. "All we request is a level playing field for the whole sector, not only for telcos."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale
Vietnam delays launch of new stock trading system
Tesla’s plan for affordable cars takes page from Detroit rivals
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters
K-pop agency Hybe’s internal strife wipes out 1.2 trillion won