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Telecommunications carriers have long grumbled that they spend a fortune building the world’s data networks only to watch the US technology giants reap most of the benefits. Now they fear Silicon Valley will take away their customers, too.

US President Donald Trump, stepping up his criticism of technology firms he says are favouring liberal points of view, said they may be in a “very antitrust situation” but repeatedly said he can’t comment publicly on whether they should be broken up.