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!


Wed 07/02
European Commission - Upcoming events The news: After a first successful edition last year, the EU Industry Day is coming back with an extended edition. On 22 and 23 February, 600 participants, key industrial, finance, research and innovation players as well as high-level EU policymakers will gather in Brussels to take...
Fri 09/02
European Commission - Upcoming events The news The conference, co-chaired by the European Union, the United Nations, the African Union and the G5 Sahel, will focus on strengthening much-needed international support to Africa's Sahel countries in the areas of security and development, notably through the G5 Sahel Joint Force.
Fri 23/02
European Commission - Commissioners' weekly activities Brussels, 23 February 2018 (Susceptible de modifications en cours de semaine) Déplacements et visites   Dimanche 25 février 2018 President Jean-Claude Juncker in Skopje, former Yugoslav Republic of Macedonia: meets Mr Zoran Zaev, Prime Minister of the former Yugoslav Republic of Macedonia; holds a...
Fri 23/02
European Commission - Press release Brussels, 23 February 2018 Significant political, security and development support were mobilised today for Africa's Sahel region. The International High Level Conference on the Sahel, co-chaired today by the European Union, the United Nations, the African Union and the G5 Sahel group of countries (Burkina...
Fri 23/02
European Commission - Daily News Daily News 23 / 02 / 2018 Brussels, 23 February 2018 President Juncker participates in the informal meeting of the 27 EU Heads of State or Government, 23 February 2018 As part of the Leaders' Agenda, today EU leaders, including President Juncker, will hold an...
Fri 23/02
European Commission - Speech - [Check Against Delivery] Speech Brussels, 23 February 2018 It is a great pleasure to open this Panel on the EU Batteries Alliance. Our objective for the Alliance is simple, but the challenge is immense.
Fri 23/02
European Commission - Speech - [Check Against Delivery] Speech Brussels, 23 February 2018 @ European Commission 2018   Ladies and gentlemen, Good afternoon. I'm very happy to be at the European Industry Days again this year. Industry is at the heart of the story of Europe.
Fri 23/02
European Commission - Speech - [Check Against Delivery] Speech Brussels, 23 February 2018   @ European Commission 2018 Dear Ladies and Gentlemen, It is a pleasure to welcome you to the second edition of the European Industry Day. And it is great to see the enthusiasm for this Day.
Fri 23/02
European Commission - EUROSTAT Brussels, 23 February 2018 Euro area annual inflation rate was 1.3% in January 2018, down from 1.4% in December 2017. In January 2017, the rate was 1.8%. European Union annual inflation was 1.6% in January 2018, down from 1.7% in December 2017.
Thu 22/02
European Commission - Press release Brussels, 22 February 2018 The EU Civil Protection Mechanism will be strengthened thanks to a new and important contribution from Luxembourg. Its satellite-based communication platform emergency.lu will establish internet and telephone communication directly in the aftermath of a crisis.

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, 2018