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

33 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,
© European Union, 2013   /   Source: EC - Audiovisual Service
Director: Emmanuel Coundouris
To download, please log in



Related media

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
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
Video Player   Need some help?


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


Wed 16/03
European Commission - Upcoming events The news: The 42nd edition of the G7 will take place from 26 to 27 May in Ise-Shima, in the Mie Prefecture (Japan), under Japanese presidency. The European Union, who is a full member of the G7 (and the G20), will be jointly represented by...
Wed 04/05
European Commission - Upcoming events The news: The European Union as the world's largest donor of humanitarian aid will play a key role at the World Humanitarian Summit (WHS) taking place on 23-24 May 2016 in Istanbul, Turkey.
Wed 04/05
European Commission - Upcoming events The news: On Friday 13 May (*), Commissioner for Employment, Social Affairs, Skills and Labour Mobility, Marianne Thyssen, will present the Commission's proposal to revise the Carcinogens and Mutagens Directive The background: According to the World Health Organisation (WHO), cancer is the second largest cause...
Fri 29/04
European Commission - Upcoming events The news: On Monday 9 May, Europe Day will be celebrated across the EU. For the Commission's part, President Juncker and the College Members will participate in events at national and European level to mark the annual celebration, including Open Doors Days in EU Representations...
Fri 29/04
European Commission - Upcoming events The news: On Friday 6 May in the Vatican, Commission President Jean-Claude Juncker will attend the ceremony awarding the Charlemagne Prize to Pope Francis, together with European Parliament President Martin Schulz and European Council President Donald Tusk. The three Presidents will deliver a joint eulogy.
Fri 06/05
European Commission - Press release Vatican City, 6 May 2016 Former European Commissioner Ján Figeľ assumes this new role as of today for an initial mandate of one year Speaking at the Vatican today on the occasion of the award of the Charlemagne Prize to Pope Francis, President Jean-Claude Juncker...
Fri 06/05
European Commission - Speech - [Check Against Delivery] Speech Speech Vatican City, 6 May 2016 Wenn Sie, Heiliger Vater, Flüchtlinge im Vatikan aufnehmen, dann machen Sie uns frischen und neuen Mut. Denn Sie leben vor, dass Solidarität und Nächstenliebe keine Lippenbekenntnisse sein dürfen, sondern Werte, die uns immer wieder zur...
Thu 05/05
European Commission - Speech - [Check Against Delivery] Rome, 5 May 2016   Dear friends,   I was a member of the Council of Ministers for 30 years. I was Prime Minister of my country for 19 years and so I can say, without being arrogant, that I have experienced...
Thu 05/05
European Commission - Statement Statement Statement Brussels, 5 May 2016 The reports of many casualties following an attack on a refugee camp in northern Syria today, shows that the most vulnerable people continue be the first victims of the conflict.
Thu 21/04
European Commission - Upcoming events The news: The Commission will present its third visa liberalisation progress report for Turkey on 4 May (*). If Turkey takes the necessary measures to fulfil the remaining benchmarks, the report will be accompanied by a legislative proposal for transferring Turkey to the visa-free list.

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, 2016