Tech giants face pressure from Europe’s telcos to pay for building the Internet

Telecom groups used to be money grabber at all costs assholes in Europe. And it is only recently that consumers took power over them, by having competition with a reel free market, voting with their money.

I understand Telco giants would like to kill the net neutrality to be able to extort again huge margins from customers but we should do whatever is needed to prevent that, and not go back in a situation like US.

Customer are paying for network data. If the infrastructure to serve that to their customers really costs more, they can easily just increase their price. The problem for them is that, without a price setting monopoly, there is a real competition and so customers are paying the fair price for their data usage, and so you can't extract high margins from them. No Telco can expect to have apple like margins because they don't have anymore a monopoly or an exclusive control on any part of the business. That is a very good thing!

This happened in South Korea as well.

https://www.reuters.com/business/media-telecom/skorea-broadb...