Russian Telcos Want Foreign Tech Companies to Pay for Data Storage

Russian telcos are said to be urging the government for a law that would require foreign Internet companies to shoulder part of the cost of storing data in the country.

Should the proposal get approved, the telcos could claim compensation from foreign tech companies like Google and Facebook. A senior manager at one of Russia’s telecoms companies revealed that the bill is ready to be submitted to the government as soon as all operators reach an agreement.

It is estimated that the cost of creating and sustaining a data storage system in compliance with Russia’s  new data law could cost the country’s three largest telecoms operators — MTS, Megafon and VimpelCom — 145 billion rubles (£1.7 billion) over the next five years.

Source: Reuters

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