Alphabet’s Google, Meta Platforms, Netflix, Microsoft and Amazon are unlikely to face strict new regulatory requirements under a forthcoming overhaul of Europe’s digital rules, despite pressure from telecoms companies, according to people with direct knowledge of the matter, per Reuters.
The planned changes form part of a broader rethink of the European Union’s approach to digital and telecoms regulation after a wave of tech legislation in recent years drew criticism from the United States. Washington has argued that the EU’s rules unfairly target U.S. technology giants, a claim Brussels has firmly denied, according to Reuters.
The revamp, known as the Digital Networks Act (DNA), is set to be presented on January 20 by EU tech chief Henna Virkkunen. The initiative is designed to strengthen Europe’s competitiveness and stimulate investment in telecoms infrastructure. The European Commission declined to comment on the draft proposals, per Reuters.
People familiar with the…