Navigation path

Login   |   Register

Advanced search Search in:    Audio    Photo    Video    Shotlist


OR









Judgment of the Court of Justice of the EU in the cases P Bouygues and Bouygues Télécom v Commission (C-399/10) and P Commission v France and Others (C-401/10) on State aid

34 views

On 19 March 2013, the Court of Justice of the EU gave judgement in the cases P Bouygues and Bouygues Télécom v Commission (C-399/10) and P Commission v France and Others (C-401/10) on State aid. France Télécom SA, an operator and supplier of telecommunications networks and services, was formed in 1991 as a legal person governed by public law, and since 1996 has had the status of a public limited company. France Télécom has been listed on the stock exchange since October 1997. In 2002, the French State’s participation in France Télécom’s capital was 56.45%, the remainder being divided between the public (32.25%), France Télécom itself (8.26%) and employees of the company (3.04%). France Télécom’s half-yearly accounts confirmed that, as at 30 June 2002, its consolidated own funds had become negative to the amount of €440 million, and that its net debt reached €69.69 billion, including €48.9 billion of bond debt falling due for repayment during the period from 2003 to 2005. At the same time, France Télécom’s share prices fell significantly. In the light of France Télécom’s financial situation, the French Minister for Economic Affairs, Finance and Industry, in an interview published on 12 July 2002 in the daily newspaper Les Echos, stated that if France Télécom were to face any financing problems, the French State would take whatever decisions were necessary to overcome them. Then, in a press release of 13 September 2002 on France Télécom’s financial situation, the French authorities stated, in essence, that the French State would contribute to the strengthening of France Télécom’s capital base and would, if necessary, take steps to prevent France Télécom from being faced with any financing difficulties. The Court of Justice quashes the judgment of the General Court annulling the Commission’s decision classifying the French State’s declarations of support and shareholder loan in favour of France Télécom as State aid. Although this loan was not implemented by France Télécom, it conferred an advantage granted through State resources that could potentially have burdened the State budget.
SHOTLIST LINK LINK

Type: Report   Reference: I-077005   Date: 19/03/2013   Duration: 01:40   Personalities: Vassilios Skouris   Location: Luxembourg [town] - Court of Justice of the EU  
Languages: ORIGINAL,

Tags: Court of Justice of the EU , France , State aid , Telecommunication
© European Union, 2013   /   Source: EC - Audiovisual Service
Director: Emmanuel Coundouris
To download, please log in






Related videos

01:40 Judgment of the Court of Justice of the EU in the cases P Bouygues and Bouygues Télécom v Commission (C-399/10) and  P Commission v France and Others (C-401/10) on State aid
Judgment of the Court of Justice of the EU in the cases P Bouygues and Bouygues ...
Ref: I-077005
Date: 19/03/2013
01:11 Opinion of the Court of Justice of the EU in the cases P Commission v Kadi (C-584/10), P Council v Kadi (C-583/10) and P United Kingdom v Kadi (C-595/10) on Common foreign and security policy
Opinion of the Court of Justice of the EU in the cases P Commission v Kadi ...
Ref: I-077007
Date: 19/03/2013
Video Player   Need some help?


You don't find what you are looking for? Ask us!


Wed 12/04
European Commission - Upcoming events The news: The Prime Minister of Estonia, Jüri Ratas, together with Members of his Government, will pay a visit to the European Commission on Wednesday 3 May 2017. After a bilateral meeting between European Commission President Jean-Claude Juncker and Mr Ratas, the Commission Members and...
Tue 28/03
European Commission - Upcoming events The news: On Thursday 27 April 2017, the European Commission will adopt its monthly infringements package. These decisions seek to enforce EU law across Europe so that citizens and businesses can benefit fully from the internal market.
Tue 18/04
European Commission - Upcoming events The news: In April 2017, the European Commission will present the final outline of the European Pillar of Social Rights. This will be accompanied by a set of concrete initiatives, such as a proposal to help working parents and carers manage their family life and...
Tue 25/04
European Commission - Press release Brussels, 25 April 2017 The European Commission can confirm that on 25 April 2017 its officials carried out unannounced inspections at the premises of companies active in the mobile telecommunications sector in Sweden.
Tue 25/04
European Commission - Press release Brussels, 25 April 2017 The European Commission is announcing today at the United Nations in Geneva its intention to release further support of €116 million for those in need in Yemen. The support includes €46 million of emergency humanitarian aid and €70 million to support...
Tue 25/04
European Commission - Daily News Daily News 25 / 04 / 2017 Brussels, 25 April 2017 EU pledges additional €116 million at Yemen Pledging Conference in Geneva for urgent needs of civilians The European Commission is announcing today at the United Nations in Geneva its intention to release further support...
Tue 25/04
European Commission - Speech - [Check Against Delivery] Speech Speech Luxembourg, 25 April 2017 Dear Koen, Dear Katalin, Ladies and gentlemen, Talking about the challenges that law enforcement authorities face in obtaining quickly e-evidence in the context of criminal investigations is crucial.
Tue 25/04
European Commission - EUROSTAT Brussels, 25 April 2017 In the fourth quarter of 2016, the seasonally adjusted general government deficit to GDP ratio stood at 1.4% in the euro area (EA19), a decrease compared with 1.6% in the third quarter of 2016.
Tue 25/04
European Commission - EUROSTAT Brussels, 25 April 2017 In 2016, the employment rate of the population aged 20 to 64 in the European Union (EU) stood at 71.1%, up compared with both 2015 (70.1%) and its previous peak recorded in 2008 (70.3%).
Tue 25/04
European Commission - Statement Brussels, 25 April 2017 Today European Commissioner for Migration, Home Affairs and Citizenship Dimitris Avramopoulos and Prime Minister of Kosovo Isa Mustafa met in Brussels to discuss the final steps needed to fulfil the remaining requirements of the visa liberalisation dialogue with Kosovo.

Go to useful links page Useful links

Go to rss page Go to EU Tube page Go to twitter page Go to facebook page Go to contact page


Credit © European Union, 2017