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:   Skouris, Vassilios  
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!


Fri 23/06
European Commission - Upcoming events The news: The G20 Summit, under the German Presidency, takes place in Hamburg. The European Union will be represented by European Commission President Jean-Claude Juncker and European Council President Donald Tusk.
Fri 23/06
European Commission - Upcoming events The news: In June 2017, the European Commission will present its 8th monthly report on the progress made towards an effective and sustainable Security Union. The report will track the implementation of the various Commission work streams relating to security issues and will identify areas...
Fri 23/06
European Commission - Upcoming events The news: In June 2017, the European Commission will present a legislative proposal to strengthen the mandate of the EU Agency for the operational management of large scale IT systems (eu-LISA).
Fri 02/06
European Commission - Upcoming events The news: On 29 and 30 June, the College of Commissioners is travelling to Tallinn for its traditional visit to the incoming Presidency of the Council of the European Union, which in the second semester of 2017 will be held by Estonia.
Fri 23/06
European Commission - Commissioners' weekly activities Brussels, 23 June 2017 (Susceptible de modifications en cours de semaine) Déplacements et visites   Lundi 26 juin 2017 Transport, Telecommunications and Energy Council Mr Frans Timmermans receives Mr Werner Faymann, Special Envoy of the United Nations on Youth Employment and former Chancellor of...
Fri 23/06
European Commission - Press release Brussels, 23 June 2017 EU humanitarian aid boosts funding against cholera outbreak in Yemen The European Commission is scaling up its response to an unprecedented cholera outbreak in Yemen with an additional €5 million, bringing total EU support for efforts to tackle the disease to...
Fri 23/06
European Commission - Press release Brussels, 23 June 2017 Over the past 2 years, the EU and Lebanon deepened their partnership. In view of increasing challenges, notably due to the crisis in Syria, the EU stepped up its support to Lebanon, boosting socio-economic development, reinforcing cooperation on security, education, good...
Fri 23/06
European Commission - Press release Brussels, 23 June 2017 Today the European Commission is proposing to invest €2.7 billion in 152 key transport projects that support competitive, clean and connected mobility in Europe. In doing so, the Commission is firmly delivering on its Investment Plan for Europe and on Europe's connectivity...
Fri 23/06
European Commission - Fact Sheet Brussels, 23 June 2017 In the context of the Investment Plan for Europe, the Connecting Europe Facility (CEF) plays a major role in stimulating European growth and jobs by bridging the investment gap in Europe, one of the Commission's top priorities.
Fri 23/06
European Commission - Daily News Daily News 23 / 06 / 2017 Brussels, 23 June 2017 Protecting Europeans: European Council of 22-23 June focuses on security and borders, defence, trade and economic development At the meeting of the European Council of 22-23 June, EU leaders welcomed the encouraging return to...

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