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EU court backs EU Commission ruling that France Telecom must repay aid UPDATE


Published : Thu, 18 Oct 2007 10:19
By : Agencies
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(Updates with detail, background)

LUXEMBOURG (Thomson Financial) - The EU's top court upheld a decision by the European Commission that France Telecom must repay up to 1.14 bln eur in state aid.

In September 2005, France Telecom and the French government appealed the commission decision in August 2004 concerning aid in the form of a business tax exemption.

The French government has made no attempt to recover the aid, paid from 1991 to 2002 and totalling between 798 mln and 1.14 bln eur.

'More than two years after the adoption (of the decision), the aid in question still hasn't been reimbursed,' the European Court of Justice said, criticising France for its 'lack of cooperation'.

victoria.main@thomson.com

vm/sal

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