natgillin/translations-raw huggingface dataset:
For det andet har Kommissionen undersøgt, om Teracom har pålagt SVT højere transmissionsgebyrer, end det pålægger kommercielle tv-selskaber, og således har fået en økonomisk fordel af SVT.
Second, the Commission has verified whether Teracom has charged higher transmission fees to SVT than to commercial broadcasters and, in this way, extracted an economic advantage from SVT.
Hvad dette angår, noterer Kommissionen, at Teracoms prissætning er omfattet af ligestillingsprincippet, dvs. at Teracom anvender samme vilkår og betingelser for alle sine kunder.
In this respect, the Commission notes that Teracom's pricing is subject to the principle of equal treatment, i.e., Teracom applies the same terms and conditions to all its customers.
Nærmere bestemt noterer Kommissionen, at Teracom har prissat de analoge transmissioner til kostprisen siden 1992, og at dets priser for digital transmission er fastsat på grundlag af den såkaldte penetrationsbaserede prismodel, hvor parametrene er de samme for alle Teracoms kunder.
More particularly, the Commission notes that Teracom's pricing for analogue transmissions has been cost-based ever since 1992 and that its prices for digital transmissions are determined by the so-called penetration-based pricing model in which the parameters are the same for all of Teracom's customers.
Kommissionen har også sammenlignet de faktiske priser, som Teracom har opkrævet af SVT og af andre tv-selskaber inden for det digitale jordnet.
The Commission has also compared the actual prices which Teracom has charged to SVT and to other broadcasters in the digital terrestrial network.
Teracom har ganske vist opkrævet højere priser af SVT, end det f.eks. har opkrævet af det kommercielle tv-selskab TV4, men prisforskellen skyldes de supplerende tjenester, som SVT kræver af Teracom.
While Teracom has charged a higher price to SVT than to, for example, the commercial broadcaster TV4, this price difference is due to additional services which SVT requires from Teracom.
Kommissionen har derfor ikke fundet tegn på, at SVT har bedre (eller dårligere) vilkår end andre tv-selskaber, eller at SVT pålægges urimeligt høje transmissionsafgifter.
The Commission, therefore, has not found any indications that SVT is subject to less favourable (or more favourable) terms and conditions than other broadcasters or that it is charged disproportionately high transmission fees.
For det tredje har Kommissionen for fuldstændighedens skyld undersøgt, om SVT i fremtiden skal betale Teracom mere end en normal markedspris for transmission.
Third, and for the sake of completeness, the Commission has investigated whether, in the future, SVT will have to pay Teracom more than a normal market price for transmission.
Et af de spørgsmål, der blev rejst i beslutningen om at indlede proceduren, var, om SVT mellem 2008 og 2013 ville komme til at betale urimeligt høje transmissionsgebyrer til Teracom, hvilket ved 2013 ville medføre en samlet fortjeneste for Teracom på ca. 510 mio. SEK.
One of the concerns raised in the opening Decision was whether, between 2008 and 2013, SVT would make excessive transmission payments to Teracom which, by 2013, would lead to accumulated profits in favour of Teracom of about SEK 510 million.
Kommissionen noterer imidlertid, at Teracoms prissætning i øjeblikket og i en overskuelig fremtid er underkastet ovennævnte prissætningsprincip, hvilket vil sikre, at det ikke opkræver urimeligt høje transmissionsgebyrer af SVT.
However, the Commission notes that Teracom's pricing is currently and for the foreseeable future subject to the above-mentioned pricing principles which will prevent it from charging SVT excessive transmission fees.
Siden Post- och telestyrelsens beslutninger i 2005 har Teracom desuden været underlagt forhåndsregulering på engrosmarkedet for analog og digital jordbaseret transmission.
Moreover, since the decisions of the Swedish Post and Telecommunications Regulator in 2005, Teracom is subject to ex-ante regulation in the wholesale markets for analogue and for digital terrestrial transmissions.
De pågældende beslutninger burde i princippet fjerne enhver risiko for, at Teracom skulle pålægge SVT urimeligt høje transmissionsgebyrer.
These decisions should, in principle, eliminate any risk that Teracom might charge SVT excessive transmission fees.
Som regeringen har forklaret (se nr. 37 ovenfor) og i modsætning til de betænkeligheder, som Kommissionen udtrykte i beslutningen om at indlede proceduren, er SVT ikke forpligtet til at anvende alle de midler, det modtager fra distributionskontoen, til at betale Teracom for transmission.
Finally, as has been explained by the Government (see paragraph 40 above) and contrary to the concern raised by the Commission in the opening Decision, SVT is not obliged to use all the funds it receives from the distribution account to pay Teracom for transmission.
SVT forhandler selv om transmissionsgebyret med Teracom, og hvis SVT ender med at betale mindre end beregnet for transmissionen, kan det anvende pengene på sin programvirksomhed.
SVT negotiates the transmission price independently with Teracom, and if it ends up spending less on transmission than forecast it is free to use these funds for its programme activities.
Ud fra disse betragtninger finder Kommissionen, at selv om SVT er forpligtet til at transmittere via det analoge og digitale jordnet og i øjeblikket ikke har noget andet alternativ end at benytte Teracoms tjenester, har Teracom begrænsede muligheder for at udnytte SVT som tvungen kunde.
On the basis of the above considerations, the Commission takes the position that, although SVT is obliged to transmit via the analogue and digital terrestrial network and currently has no other alternative than to use Teracom for its services, Teracom is restricted in its capacity to take advantage of SVT as a captive customer.
I denne sammenhæng bemærker Kommissionen også, at hvis kommercielle programvirksomheder skønner, at det kan betale sig at transmittere over det digitale jordnet til Teracoms transmissionsgebyrer, er det rimeligt, at SVT også gør det.
In this context, the Commission also notes that, because commercial broadcasters find it worthwhile being present in the digital terrestrial network and paying Teracom's respective transmission fees, it is reasonable that SVT does so too.
Til påstanden om, at Boxer modtog støtte, fordi SVT ikke betaler for distribution, anfører Kommissionen, at en forretningsaftale mellem tv-selskaber og distributører kan antage forskellige former.
As regards the allegation that Boxer received aid because SVT does not pay for distribution, the Commission would point out that commercial agreements between broadcasters and distributors can take various forms.
I betragtning af at transaktionen mellem de to parter omfatter modtagelse af transmissionstjenester til gengæld for adgang til et indhold, som er værdifuldt for begge parter, kan de nærmere vilkår variere betydeligt og f.eks. afhænge af, hvilke platforme og operatører der er involveret.
In view of the fact that the transaction between these two parties involves an exchange of transmission services versus availability of content which is valuable to both parties, the precise terms and conditions can vary considerably depending, for example, on the platforms and operators involved.
På baggrund af ovenstående konkluderer Kommissionen, at de transmissionsgebyrer, som SVT betaler til Teracom, ikke giver Teracom nogen økonomisk fordel og derfor ikke udgør statsstøtte i betydningen i artikel 87, stk. 1.
On the basis of the foregoing, the Commission concludes that the transmission fees paid by SVT to Teracom do not confer an economic advantage on Teracom and thus do not constitute State aid within the meaning of Article 87(1).
Statsgarantien
The State guarantee
I henhold til meddelelsen om garantier er statsgarantier generelt omfattet af artikel 87, stk. 1, hvis samhandelen mellem medlemsstaterne påvirkes, og der ikke betales nogen markedspræmie.
According to the Notice on Guarantees, a guarantee generally falls within the scope of Article 87(1) if trade between Member States is affected and no market premium is paid.
I henhold til afsnit 2 i meddelelsen om garantier kan der godt være tale om statsstøtte efter artikel 87, stk. 1, selv om staten aldrig kommer til at foretage udbetalinger i henhold til en garanti.
According to section 2 of the Notice on Guarantees, if a State guarantee has been issued, even if no payments are ever made by the State under a guarantee, there may nevertheless be State aid under Article 87(1).
Dette skyldes, at støtten anses for at være ydet på det tidspunkt, hvor garantien gives, og ikke på det tidspunkt hvor garantien påberåbes, eller hvor der foretages udbetalinger i henhold til garantien.
This is because aid is considered to have been granted at the moment the guarantee is granted, not at the moment at which it is invoked or the moment at which payments are made under the terms of the guarantee.
Kommissionen bemærker dog, at der ifølge fast retspraksis, f.eks. Østrig mod Kommissionen, skal foreligge et ubetinget og retligt bindende tilsagn om at yde den pågældende støtte, før det kan fastslås, at støtten eksisterer.
However, the Commission notes that, according to settled case law, e.g., Austria v Commission, there has to be an unconditional and legally binding promise to grant the aid in question before aid can be established to exist.
I den foreliggende sag mener Kommissionen, at regeringens beslutning om at anmode Riksgäldskontoret om at udstede en kreditgaranti var en betinget beslutning, som ikke gav Teracom nogen absolut ret til at kræve kreditgarantien udstedt.
In the present case, the Commission takes the view that the Government's decision to request the National Debt Office to issue a credit guarantee was a conditional decision and did not confer on Teracom an unconditional right to request that a credit guarantee be issued to it.
Kommissionen noterer, at svensk lov foreskriver, at hvis myndigheder, som hører under regeringen, udsteder en kreditgaranti, er udstedelsen altid betinget af Riksgäldskontorets vurdering af bl.a. solvens og pålidelighed.
The Commission notes that, under Swedish law, when authorities subject to governmental oversight issue a credit guarantee, its issuance is always conditional upon the findings of the National Debt Office regarding, among other things, solvency and honesty.
Denne komponent i det svenske system og den svenske lovgivning er almen kendt.
This feature of the Swedish system and laws is a matter of public knowledge.
Det står også klart, at regeringen var opmærksom på sine forpligtelser i henhold til fællesskabsretten, idet den påpegede, at Riksgäldskontoret skulle vurdere kreditgarantien på grundlag af reglerne om statsstøtte og om nødvendigt indsamle de oplysninger, der er nødvendige for at anmelde sagen til Kommissionen.
Also, it is clear that the Government was aware of its obligations under Community law because it stated that the National Debt Office had to consider the credit guarantee under the State aid rules and, if necessary, gather the relevant information for a notification to the Commission.
Kommissionen finder, at det er vigtigt, at der ikke blev vedtaget nogen foranstaltninger efter Riksgäldskontorets rapport.
Importantly, the Commission notes that no action was taken subsequent to the National Debt Office's report.
Sluttelig og på grundlag af ovenstående finder Kommissionen derfor, at det ikke er muligt at konkludere, at der overhovedet blev udstedt en kreditgaranti, eller at Teracom fik et ubetinget og retligt bindende tilsagn om støtte.
To sum up, on the basis of the above the Commission therefore finds that it is not possible to conclude that a credit guarantee was ever issued and that an unconditional and legally binding promise to grant the aid was made to Teracom.
Følgelig blev der ikke bevilget Teracom nogen økonomisk fordel.
Consequently, no economic advantage was granted to Teracom.
Hvis en stat yder finansiering til en virksomhed under omstændigheder, der ikke ville kunne accepteres af en investor, som opererer under normale markedsvilkår, giver den modtageren en økonomisk fordel.
Where a State provides finance to a company in circumstances that would not be acceptable to an investor operating under normal market economy conditions, it confers an economic advantage on the beneficiary.
For at fastslå, om det betingede aktionærindskud, som blev bevilget Teracom i form at et kapitalindskud i slutningen af juni 2003, gav Teracom en økonomisk fordel, må det først undersøges, om kapitalindskuddet var foreneligt med det markedsøkonomiske investorprincip.
To determine whether the conditional shareholder contribution in the form of a capital injection granted to Teracom at the end of June 2003 conferred an economic advantage on Teracom, it needs to be examined whether this capital injection complied with the market economy investor principle.
Kommissionen indrømmer, at oplysningerne om Teracoms finansielle situation i indledningsbeslutningen ikke var helt korrekte.
The Commission concedes that the information concerning Teracom's financial situation as set out in the opening Decision was not entirely accurate.
Som regeringen har påvist, var Teracoms solvens ikke så lav som angivet i beslutningen om at indlede proceduren, og Teracom havde kun lidt tab i to år og ikke i tre år i træk.
As demonstrated by the Government, Teracom's solvency was not as low as indicated in the opening Decision and Teracom had made losses for two years and not for three consecutive years.
I beslutningen om at indlede proceduren beskrives Teracoms finansielle situation derfor noget dårligere, end den virkelig var.
The opening Decision, therefore, pictured Teracom's financial situation as slightly worse than in reality.
Efter at have analyseret de oplysninger, som regeringen forelagde i sit svar af 29. oktober og i sine senere svar, herunder Teracoms forretningsplaner på kort og lang sigt, finder Kommissionen, at regeringens vurdering i 2003 af Teracoms daværende og fremtidige økonomiske og finansielle situation var realistisk, og at udsigterne til et tilfredsstillende afkast af kapitalindskuddet var rimelige.
Having analysed the information submitted by the Government in its 29 October response as well as in subsequent responses, including Teracom's short- and long-term business plans, the Commission considers that the Government's assessment, in 2003, of Teracom's then current and future economic and financial situation was realistic, and that the prospects of a satisfactory return on the capital injection were credible.
Som nærmere beskrevet i afsnit 7.3 foretog regeringen en vurdering af Teracoms økonomiske og finansielle stilling på kort og lang sigt på grundlag af Teracoms forretningsplaner for årene 2003 til 2005, dets finansielle prognoser for perioden 2003 til 2010 og ud fra sammenligninger med andre selskaber og andre aktionærer i samme og lignende brancher.
As described in detail in Section 7.3 above, the Government made an assessment of Teracom's economic and financial position based on the company's business plans for the years 2003 to 2005, its financial forecasts for the period 2003 to 2010 and comparisons with other companies and other shareholders in the same and similar industries.
Regeringen sluttede, at et betinget aktionærindskud på 500 mio. SEK ville forbedre Teracoms solvens og derefter give Teracom mulighed for at opnå tilstrækkeligt udbytte til at betale aktionærindskuddet tilbage inden for en rimelig frist.
It concluded that a conditional shareholder contribution amounting to SEK 500 million would improve Teracom's solvency and allow the company to subsequently generate enough profits to pay back the shareholder contribution within a reasonable time.
Prognosen for 2003 viste, at Teracoms balance ville være positiv.
The forecast for 2003 indicated that Teracom's loss and profit accounts would be positive.
I denne sammenhæng noterer Kommissionen, at Teracom allerede havde overskud i de første tre måneder af 2003 — før regeringen havde forelagt sit forslag for Riksdagen.
In this context, the Commission notes that Teracom was already making profits in the first three months of 2003 — before the Government made its proposal to Parliament.
Endelig har Kommissionen undersøgt den rapport, som PWC udarbejdede på regeringens vegne, og som forklarer de tal, der var lagt til grund for regeringens beslutning.
Finally, the Commission has reviewed the report made by PWC on behalf of the Government, which explains the data which formed the basis for the Government's decision.
Kommissionen finder, at disse tal udgjorde et realistisk grundlag for en investeringsbeslutning.
In the Commission's view, these data provided a credible basis for an investment decision.
Det fremgår især af rapporten, at Teracom efter at have lidt tab i 2001 og 2002 var lige ved at være i balance på det tidspunkt, da kapital-indskuddet blev foretaget.
In particular, the report indicates that, after losses in 2001 and 2002, Teracom was close to break-even at the time the capital injection was made.
Teracoms økonomiske og finansielle situation havde forbedret sig betydeligt siden det tidspunkt, da Riksgäldskontoret afgav sin negative udtalelse om udstedelsen af en kreditgaranti.
Especially, Teracom's economic and financial situation had improved considerably compared with the time when the National Debt Office gave a negative opinion on issuing a State credit guarantee.
Rapporten viser, at regeringens vurdering svarer til den analyse, som en privat investor ville have foretaget, og som omfatter en vurdering af det forventede yderligere afkast af investeringen og af om dette afkast ville være tilstrækkeligt til at kompensere for de risici, som investeringen indebar.
The report demonstrates that the Government's choice is compatible with the type of analysis that a private investor would have carried out, which consists in assessing the expected additional profits from the investment and whether these profits are sufficient to compensate for the risks of the investment.
Rapporten beregner det forventede interne afkast (internal rate of return) af investeringen ved at fastslå de stigende pengestrømme, den genererer.
The report calculates the expected internal rate of return of the investment by determining the incremental cash flow it generates.
Dette gøres ved at tage forskellen mellem to alternative scenarier — med eller uden aktionærindskud.
This is done by taking the difference between two alternative scenarios — with or without the shareholder contribution.
Det forventede interne afkast af kapitalindskuddet var ca. 24 %, hvilket overstiger afkastningskravet hos investorer på det private marked i denne sektor (det markedsbestemte afkastningskrav var 8,6 %) og kompenserer for selskabets finansielle risici.
The internal rate of return of the investment was expected to reach approximately 24 %, a level that would exceed the demands of private market investors in this sector (the comparable industry rate of return on equity is 8,6 %) and compensate also for the financial risk of the company.
Skønt det efterfølgende er umuligt at fastslå med sikkerhed, hvordan Teracoms indtægter ville have udviklet sig uden aktionærindskuddet, noterer Kommissionen, at Teracoms afkast på egenkapitalen voksede fra 3 % i 2003 til 11 % i 2004 og 19 % i 2005.
Although it is impossible to establish with certainty ex post what would have been the evolution of revenues in the absence of the shareholder contribution, the Commission notes that Teracom's return on equity grew from 3 % in 2003 to 11 % in 2004 and 19 % in 2005.
Figur 3 nedenfor viser, at Teracom begyndte at få overskud i 2003, 2004 og 2005.
Figure 3 below illustrates Teracom's return to profitability in 2003, 2004 and 2005.
Selskabet foretog sin første tilbagebetaling af det betingede aktionærindskud i 2006.
The company made its first repayment of the conditional shareholder contribution in 2006.
Udviklingen i Teracoms faktiske overskud fra 1998 til 2005
Development of Teracom's actual profits from 1998 to 2005
Kilde: Teracoms årsregnskaber fra årene 1998 til 2005.
Source: Teracom's Annual Reports 1998 to 2005
Kommissionen konkluderer derfor, at det betingede aktionærindskud i form af et kapitalindskud blev givet under omstændigheder, som var acceptable for en privat investor, som opererer under normale markedsvilkår,
The Commission concludes, therefore, that the conditional shareholder contribution by way of a capital injection was made in circumstances that would be acceptable to a private investor operating under normal market economy conditions.
I denne specifikke sag må man imidlertid også tage stilling til, om det påvirker den foreliggende statsstøttevurdering, at Teracom bevarede sin eksklusive position som operatør af jordnettet, til trods for at direktivet om konkurrence på markederne for elektroniske kommunikationsnet og -tjenester (»konkurrencedirektivet«), som forbød opretholdelsen af eksklusive rettigheder i den pågældende sektor, var trådt i kraft i oktober 2002.
However, in this particular case the question arises whether the fact that Teracom maintained its position as exclusive terrestrial network operator notwithstanding the entry into force in October 2002 of the Directive on competition in the markets for electronic communications networks and services (the ‘Competition Directive’), which prohibits the maintenance of exclusive rights in the relevant sector, has an impact on the present State aid assessment.
Når Kommissionen i forbindelse med undersøgelsen af en støtteforanstaltning finder, at en anden traktatbestemmelse er blevet overtrådt, må det undersøges, om de nærmere bestemmelser for støtten strider mod andre særlige bestemmelser i EF-traktaten end artikel 87 og 88, og om de er så uløseligt forbundet med støttens formål, at det er umuligt at vurdere dem separat.
When, in examining a potential aid measure, the Commission finds that another provision of the EC Treaty has been breached, it must be assessed whether aspects of that aid contravene specific provisions of the EC Treaty other than Articles 87 and 88 and are so indissolubly linked to the object of the aid that it is impossible to evaluate them separately.
Hvis dette er tilfældet, vil overtrædelsen af den anden traktatbestemmelse dog kun få betydning for Kommissionens vurdering af foranstaltningen, hvis den har en påviselig skadelig virkning udover den skadelige virkning, der følger af støtteforanstaltningen.
In such a case, it is only if the breach of that other EC Treaty provision has a distortive effect which is demonstrable and additional to that inherent in the potential aid measure that it can determine the Commission's assessment of the measure.
I den foreliggende sag konstaterer Kommissionen, at overtrædelsen af konkurrencedirektivet ikke udgør en del af den foranstaltning, som er genstand for vurderingen, men skyldes et tiltag fra regeringen, som ikke har tilknytning til regeringens beslutning om at yde et betinget aktionærindskud.
In the case at hand, the Commission notes that the infringement of the Competition Directive does not form part of the measure under assessment, but results from a course of action of the Government that is separate and distinct from the decision to grant the shareholder contribution.
Selv om det endelig ikke kan udelukkes, at den eksklusive rettighed kan have haft indflydelse på Teracoms rentabilitet og følgelig i en vis grad på rentabiliteten af det betingede aktionærindskud, kan dette ikke fastslås med sikkerhed, da Teracom er underkastet prisregulering (jf. betragtning 42, 43 og 102 ovenfor) og derfor ikke frit kan udnytte sin markedsstyrke.
Moreover, although it cannot be excluded that the exclusive right may have influenced the profitability of Teracom and, therefore, of the shareholder contribution to a certain extent, this cannot be established with certainty since Teracom is subject to price regulation — as explained above in paragraphs 42, 43 and 102 — and cannot freely exercise its market power.