Feeds

France Telecom faces payback time

EC closes in

  • alert
  • submit to reddit

Next gen security for virtualised datacentres

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

Secure remote control for conventional and virtual desktops

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Kaspersky backpedals on 'done nothing wrong, nothing to fear' blather
Founder (and internet passport fan) now says privacy is precious
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
prev story

Whitepapers

Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.