EU mulls inquiry into state aid programme for France Télécom

8 Jan 2003

European Union commissioner Mario Monti is believed to be ready to block a debt reconstruction plan for France Télécom (FT) and launch a formal investigation into whether the EUR9 billion credit offered by the French government for the beleaguered national PTO is unlawful. FT’s rival Bouygues Télécom has filed a complaint with the Commission.