"People are most willfully misinterpreting the evidence that's available there. I mean, literally, willful blindness to the basic facts of the Internet economy."
1 / 13
"All these plans to try to fund the telecom networks by somehow taxing the distribution of content are delusional."
2 / 13
"Netflix’s annual revenues are around (...) 1/50th of what all the world spends on telecommunications: to say we're going to tax Netflix to support the expansion of the network, that is simply crazy."
3 / 13
"Getting [Big Tech] to pay for the telecom infrastructure is the wrong approach."
4 / 13
"You don’t regulate [Big Tech] by taxing the volume of traffic: Netflix, you just simply can't tax much out of it, because there's not much money."
5 / 13
"If you tax Google on volume of traffic, you're taxing YouTube, and so what Google can then do is (...) separate out YouTube into another company."
6 / 13
"I'm not against taxing Big Tech, I think it's well under taxed (...), but to try to tax them for the benefit of telcos does not make sense."
7 / 13
"[Big Tech] are investing a lot in infrastructure, they are building these giant data centres, they are building quite a bit of fibre, especially if you look at submarine cable construction over the last decade (...). They are doing a lot of what telcos used to do."
8 / 13
"I see telcos and the platform companies as complementary: they should each stick to their own kind of knitting in that sense, and kind of go on."
9 / 13
"Dumb pipes, I mean, it's really profitable. It's really amazing, especially when you look at the transformation of the cable networks in the United States."
10 / 13
"One should (...) avoid the delusion of thinking that the value of the network is in the volume of bits that are transmitted. That is really not where the value is."
11 / 13
"This content is king delusion has been present for centuries. (...) No amount of evidence is going to disabuse decision makers of it."
12 / 13
"My former employer, AT&T, just over the last few years wasted what is probably a few 10s of billions of Euros by getting into the content business: they got out of it."
13 / 13