Feeds

France Telecom faces payback time

EC closes in

  • alert
  • submit to reddit

Top 5 reasons to deploy VMware with Tegile

France Telecom is likely to have to pay back €1bn in illegal subsidies it received from the French government, following an 18-month investigation by Mario Monti, the EC Competition Commissioner.

The allegations against France Telecom come in two parts:

  • That the French government offered favourable tax rates, worth as much as €1bn, to unfairly favour the company between 1994 and 2002.
  • That either the French government offered the telco a line of credit, or that comments from the government to suggest such credit amounted to favourable treatment.

Originally, the Commission investigated a €9bn line of credit - but could not prove it existed. It is now looking at whether comments by French government ministers in themselves offered illegal support. A decision in the case is expected before the Commission's August break. ®

Related stories

EC rules against illegal 'subsidy' of France Telecom
EC fines Wanadoo 10m for predatory pricing
France Telecom bail-out faces EC probe

Beginner's guide to SSL certificates

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.