Financial Times

The European Union should make big tech and video streaming companies pay at least some of the estimated €28 billion they cost European telecom groups for their outsized use of network infrastructure, according to a new industry report. A small number of video, social media and tech companies — including Facebook owner Meta, Netflix and Amazon — account for more than 55 percent of all traffic on mobile and broadband networks, according to research commissioned by the European Telecommunications Network Operators’ Association and conducted by the consultancy firm Axon.