A decade ago, policymakers on both sides of the Atlantic were consumed by a debate about who should foot the bill for the infrastructure that powers the internet. On one side, telecoms companies argued that content providers were “freeriding” on their infrastructure and should pay more. Ten years later and we’re having the same conversation again in Europe, even though recent history has shown that the interests of telcos and content companies are in fact aligned. Read More...
Morningstar Research
Analyst Report: Altria Group, Inc.
Altria comprises Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Helix Innovations, and Philip Morris Capital, although the company plans to wind down Philip Morris Capital by the end of 2022. It holds a 10% interest in the world’s largest brewer, Anheuser-Busch InBev. Through its tobacco subsidiaries, Altria holds the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company’s Marlboro brand is the leading cigarette brand in the U.S. with a 43% share in 2020. Altria holds strategic investments in JUUL Labs (35% economic interest) and Cronos (42%).
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