Comment by troad

There are definitely up- and downsides. This is all much trickier than I think people realise, with complex second and third order effects. (Some that I haven't even mentioned. A more nationalised Internet will hurt smaller countries, for example, that cannot create services on par with US juggernauts. It will harm third countries that are neither the EU or the US. It will weaken the West's collective influence vis-à-vis China, Africa, etc.)

I don't know what the optimal course of action is.