Italy's Industry Minister proposes major tech companies fund telecom infrastructure development.

Italy's Industry Minister Adolfo Urso announced plans requiring major tech companies, including Google and Amazon, to help fund telecom infrastructure development. Telecom firms argue that these companies should share the costs, as they generate substantial internet traffic. This funding approach, labeled "fair-share funding" by telecoms and "internet tax" by tech firms, aligns with similar initiatives at the European Union level aimed at supporting electronic communications investments.

October 21, 2024
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