In a judgment handed down on 21 May 2010, the General Court (hereinafter the “GC”) held that statements by the French authorities aimed at assuring France Télécom (hereinafter “FT”) of their support in the context of a major financial crisis experienced by FT did not constitute State aid. According to the GC, although the public statements made by State authorities conferred a financial advantage on FT, they did not entail a transfer of any State resources. Consequently, the GC annulled a Commission decision that had found such statements to amount to illegal State aid. The alleged State aid in the case dates back to events taking place in 2002. At the time, FT, the majority
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The EU General Court finds that public statements of support by the French Government did not constitute State aid in favour of the incumbent telecom operator (France Télécom)
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