natgillin/translations-raw huggingface dataset:
If the capital gain from the placing of 3,75 million freenet shares is taken into account, group earnings in 2003 rose to EUR 160,4 million. According to the firm itself, MobilCom now has a solid basis.
Ob upoštevanju dobička iz odsvojitve 3,75 milijona delnic Freenet je izid koncerna v letu 2003 narasel na 160,4 milijona EUR. Po lastni izjavi je sedaj Mobilcom ponovno na solidnih temeljih.
Details of State guarantees granted
Podrobnosti o odobrenih državnih poroštvih
The loan of EUR 50 million granted by KfW on 19 September 2002, which was fully secured by a Federal Government guarantee, was due to expire on 15 March 2003 but could be extended until 15 September 2003.
Kredit v višini 50 milijonov EUR, ki ga je 19. septembra 2002 odobrila KfW in do 100 % zavarovala država s svojim poroštvom, je bil časovno omejen najprej do 15. marca 2003 z možnostjo podaljšanja do 15. septembra 2003.
It was initially extended until 21 July 2003.
Posojilo je bilo najprej podaljšano do 21. julija 2003.
In July 2003 KfW again extended the term of the loan, pending a decision by the Commission on the restructuring plan submitted, to 20 May 2004 at the latest.
Julija 2003 je KfW rok trajanja tega posojila še enkrat podaljšala do Odločbe Komisije o predloženem načrtu prestrukturiranja, vendar ne dlje kot do 20. maja 2004.
The interest rate for the loan was 6,814 %.
Obrestna mera za posojilo je znašala 6,814 %.
It consisted of the Euro Interbank Offered Rate (Euribor) for the interest period in question plus 3,50 % per annum.
Obrestno mero so sestavljale Euro Interbank Offered Rate (Euribor) za vsakokratno obrestno obdobje in 3,50 % letna marža.
The second guarantee, for the EUR 112 million loan granted to MobilCom AG and MobilCom Holding GmbH by the consortium of banks consisting of Deutsche Bank AG, Dresdner Bank AG, KfW and Landesbank Schleswig-Holstein, with KfW as lead bank, was assumed by the Federal Government and the Land of Schleswig‐Holstein together.
Drugo poroštvo za posojilo, ki ga je podjetjema MobilCom AG in MobilCom Holding GmbH v višini 112 milijonov EUR odobril bančni konzorcij v sestavi Deutsche Bank AG, Dresdner Bank AG, KfW in Landesbank Schleswig-Holstein pod vodstvom KfW, sta prevzeli Zveza in dežela Šlezija-Holstein skupaj.
The loan, which was granted on 20 November 2002, had a term of 18 months until 20 May 2004.
Posojilo, odobreno dne 20. novembra 2002, je imelo 18 mesečni rok trajanja do 20. maja 2004.
It was to be paid in several instalments.
Kredit naj bi bil izplačan v več delih.
The Federal Government underwrote 48 % of the amount, and the Land 32 %.
Zveza je jamčila za 48 % zneska, dežela pa za 32 % zneska.
Under the guarantee agreement of 20 November 2002, the guarantee was due to expire on 15 March 2003.
Poroštvo je bilo v skladu z Odločbo o jamstvu časovno omejeno od 20. novembra 2002 do 15. marca 2003.
However, if a restructuring plan was submitted to the Commission before the expiry date, this period was to be extended automatically until such time as the Commission adopted a decision on the aid on the basis of the restructuring plan in question.
Če bi Komisija načrt prestrukturiranja prejela pred iztekom tega roka, bi se obdobje samodejno podaljšalo do sprejetja Odločbe Komisije o pomoči na osnovi tega načrta.
With the submission of the restructuring plan in March 2003, the second guarantee was extended to cover the entire duration of the loan up to the time of the Commission's decision on the basis of the plan.
Ker je bil načrt za prestrukturiranje predložen marca leta 2003, se je drugo poroštvo podaljšalo na celotni rok trajanja kredita, do sprejetja Odločbe Komisije na osnovi tega načrta.
Germany stated that, because only EUR 88,3 million was needed and called in for the restructuring, MobilCom wrote on 1 April 2003 to KfW as consortium leader to waive the outstanding loan amount of EUR 23,7 million.
Po podatkih Nemčije se je podjetje MobilCom zato, ker je za prestrukturiranje potrebovalo in uporabilo le 88,3 milijona EUR, s pismom z dne 1. aprila 2003, naslovljenim na KfW kot banki, ki je vodila posel, odpovedalo neizrabljenemu kreditnemu znesku v višini 23,7 milijona EUR.
Reasons for initiating/extending the proceedings
Vzroki za uvedbo oziroma podaljšanje postopka
The Commission approved the guarantee for the loan of EUR 50 million as rescue aid pursuant to Article 87 (3)(c) of the EC Treaty and the Community guidelines.
Komisija je poroštvo za posojilo v višini 50 milijonov EUR odobrila kot pomoč za reševanje na podlagi točke (c) tretjega odstavka člena 87 Pogodbe ES in smernic Skupnosti.
In its decision to initiate the formal investigation procedure, the Commission also classified the guarantee from the Federal Government and the Land of Schleswig‐Holstein on the second loan as State aid within the meaning of Article 87(1) of the EC Treaty.
V svojem sklepu o uvedbi formalnega postopka preiskave je Komisija tudi poroštvo Zveze in dežele Šlezija-Holstein za drugo posojilo uvrstila kot državno pomoč v smislu prvega odstavka člena 87 Pogodbe ES.
On the basis of its provisional assessment, it concluded that the notified aid should be assessed on the basis of the Community guidelines and doubted whether it was compatible with the common market.
S predhodno presojo je Komisija ugotovila, da je treba priglašene pomoči vrednotiti na osnovi smernic Skupnosti in podvomila o njihovi združljivosti s skupnim trgom.
In particular, it was not clear for the Commission whether the loan granted at a later stage (EUR 112 million) was being used exclusively to keep the business running in the declared rescue period or was already being used for restructuring the firm.
Komisija zlasti ni mogla jasno razpoznati, ali je bil kasneje odobren kredit v višini 112 milijonov EUR porabljen izključno za vzdrževanje poslovne dejavnosti v upoštevnem obdobju reševanja, ali pa že za prestrukturiranje družbe.
Because it is particularly distortive of competition, restructuring aid may be authorised only on the basis of a restructuring plan; however, this was not available to the Commission when the proceedings under Article 88(2) of the EC Treaty were initiated.
Ker pomoči za prestrukturiranje izkrivljajo konkurenco, jih je mogoče odobriti le na osnovi načrta prestrukturiranja, ki pa Komisiji v času uvedbe postopka v skladu z drugim odstavkom člena 88 Pogodbe ES še ni bil predložen.
By decision of 9 July 2003, the Commission included the originally planned extension of the loan guarantees until 2007 within the scope of its ongoing investigation.
S Sklepom z dne 9. julija 2003 je Komisija v preiskavo v teku vključila tudi prvotno načrtovano podaljšanje poroštev za posojili do leta 2007.
The Commission doubted in particular whether MobilCom needed an extension of the State‐guaranteed loans.
Komisija je zlasti dvomila, da je družba MobilCom odvisna od podaljšanja kreditov, za katere jamči država.
It could not at the time rule out the possibility of MobilCom's being able to secure sufficient funds for paying off the credit from a quick sale of its stake in the Internet subsidiary freenet.de AG.
Takrat ni mogla izključiti, da bo lahko podjetje MobilCom s hitro odsvojitvijo svoje udeležbe v internetnem hčerinskem podjetju Freenet.de AG pridobilo zadostna sredstva za vračilo kredita.
As the loans were repaid on 22 September 2003, with the guarantee bonds subsequently being returned to the guarantors, Germany considers that the question of the application to extend the loan guarantees until 2007, which had in any event been submitted only as a precautionary measure, is now closed.
Ko so bili krediti 22. septembra 2003 vrnjeni in poroštveni listini vrnjeni izdajateljem, je Nemčija razglasila preventivni zahtevek za odobritev podaljšanja poroštev za kredite 2007 kot zaključen.
The second aid measure is the guarantee on the loan of EUR 112 million: Germany maintains its view that this too constituted rescue aid within the meaning of the Community guidelines.
V zvezi z odobritvijo druge pomoči v obliki poroštva za kredit v višini 112 milijonov EUR Nemčija vztraja pri svojem mnenju, da predstavlja poroštvo pomoč za reševanje v smislu smernic Skupnosti.
Germany states that the loans were used exclusively to finance measures taken in the service provider sector and aimed at such things as optimising the customer tariff structure, adjusting sales expenditure and cutting current staff costs, the dual purpose being simply to keep the firm's ordinary business running and to reduce the need for liquidity during the rescue phase.
Nemčija je pojasnila, da so bili s krediti financirani izključno ukrepi na poslovnem področju ponujanja storitev, kot so na primer ukrepi v zvezi s strankami za optimiranje tarifne strukture, prilagajanje stroškov prodaje in ukrepov za zmanjševanje tekočih stroškov za zaposlene, ki so bili namenjeni izključno ohranjanju tekočega poslovanja in zmanjšanju potrebne likvidnosti v fazi reševanja.
Without these measures, the liquidity requirement would have been EUR 110 million higher by March 2003.
Brez teh ukrepov bi bila potrebna likvidnost do marca 2003 višja za nadaljnjih 110 milijonov EUR.
Furthermore, a comprehensive restructuring plan had not yet been submitted at the time the aid was granted and indeed could not have been drawn up in the short time available.
Poleg tega v času odobritve vprašljivih pomoči še ni bil predložen obsežen koncept prestrukturiranja, ki ga v tako kratkem času ni bilo mogoče niti izdelati.
In the event of the Commission's not accepting this assessment, Germany asks that the second loan guarantee be approved as restructuring aid on the basis of the restructuring plan that was submitted to the Commission subsequently.
Če Komisija ne bo upoštevala te ocenitve, bo Nemčija namesto tega zaprosila za odobritev drugega poroštva za posojilo kot pomoč za prestrukturiranje na osnovi načrta prestrukturiranja, ki ga je Komisiji predložila kasneje.
It takes the view that, in particular, MobilCom's withdrawal from the UMTS business and from the landline and Internet segment, as provided for in the restructuring plan, offset any distortions of competition on the mobile telephony market caused by the State‐guaranteed loan.
Po mnenju Nemčije izravnavajo izkrivljanje konkurence, ki ga je na trgu mobilne telefonije povzročilo državno jamstvo za posojila, zlasti umik MobilCom iz posla UMTS in poslovnega polja fiksnega omrežja-interneta, predvideni v načrtu prestrukturiranja.
COMMENTS FROM THIRD PARTIES
STALIŠČA TRETJIH
Comments from MobilCom
Stališče podjetja MobilCom
In its comments on the initiation and extension of the formal investigation procedure, MobilCom rejected the doubts about the aid's compatibility with the common market.
V svojem stališču o uvedbi in podaljšanju formalnega postopka MobilCom zavrača dvome o združljivosti odobrenih pomoči s skupnim trgom.
It argued that competition on the market for mobile telephony services would have come to a standstill if MobilCom had ceased to exist.
MobilCom navaja, da bi konkurenca na trgu storitev mobilne telefonije brez nadaljevanja obstoja podjetja MobilCom ohromela.
The mobile telephony market, it claimed, is dominated by the network operators, which have a total market share of almost 70 %, with some 52 % being accounted for by the two dominant suppliers, T‐Mobile and Vodafone.
Trg mobilne telefonije obvladujejo mrežni operaterji s skoraj 70 % tržnim deležem, ob tem pa odpade okoli 52 % na oba velika prevladujoča operaterja, T-Mobile in Vodafone.
The disappearance of MobilCom would have given Debitel a virtual monopoly among service providers without their own network, thereby removing the pressure on that company to bundle the most favourable rates and offer them to its customers.
Umik podjetja MobilCom bi Debitelu omogočil skoraj monopolni položaj med ponudniki storitev brez lastnega omrežja. S tem Debitel več ne bi bil prisiljen združevati najugodnejših tarif in jih ponujati svojim strankam.
The role of service providers as catalysts of price competition between the network operators would thus have been decisively weakened and the oligopolistic structure of the German mobile telephony market would have been further strengthened.
Vloga ponudnikov storitev kot katalizatorjev cenovne konkurence med omrežnimi operaterji bi se tako odločilno oslabila, oligopolna tržna struktura nemškega trga mobilne telefonije pa bi se še bolj utrdila.
MobilCom also claimed that the State guarantee would not have led to a distortion of competition and was limited to the absolute minimum.
MobilCom navaja tudi, da državno poroštvo ne bi povzročilo izkrivljanja konkurence, saj je bilo omejeno na absolutno potrebni minimum.
The guarantee covered altogether only 80 % of the loan amount.
Poroštvo je zavarovalo le 80 % vsote posojila.
The available funds were entirely earmarked for the implementation of the restructuring plan and were strictly limited to the costs of restructuring in the service provider sector.
Zagotovljena sredstva so v celoti uporabljena za načrtovano prestrukturiranje in strogo omejena na stroške prestrukturiranja področju ponujanja storitev.
Each of the measures described in the restructuring plan had been essential to restoring long‐term viability, and MobilCom again explained in detail, and gave a further breakdown of, the individual costs provided for in the restructuring plan.
Vsak ukrep, opisan v načrtu prestrukturiranja, je nujna predpostavka za ponovno vzpostavitev dolgoročne sposobnosti preživetja, ob tem pa je podjetje MobilCom posamezne stroške, predvidene v načrtu prestrukturiranja, ponovno podrobno razložilo in še bolj razčlenilo.
MobilCom also pointed out that the remaining competitors benefited from the restructuring plan because, under it, MobilCom was divesting all activities that did not belong directly to the core business sector but would be of use to it, such as the UMTS network operation in particular.
MobilCom opozarja tudi, da so preostali konkurenti z načrtom prestrukturiranja pridobili, saj bo MobilCom opustil vse dejavnosti, ki ne sodijo neposredno k temeljni dejavnosti, čeprav bi mu koristile, še zlasti obratovanje omrežja UMTS .
No negative effects on competitors were to be expected, moreover, since under the restructuring considerable capacity reductions would be made in the service provider sector as well.
Poleg tega ni za pričakovati negativnih učinkov na konkurente, ker naj bi se v zvezi s prestrukturiranjem na področju ponujanja storitev zmogljivosti znatno zmanjšale tudi na tem področju.
In particular, the substantial reduction of staff and the closure of sites had considerably reduced MobilCom's ability to acquire customers.
Še zlasti znatno krčenje zaposlenih in zapiranje lokacij je bistveno omejilo možnosti pridobivanja strank za podjetje MobilCom.
At the talks held between Germany and the Commission on 9 and 21 January 2004, in which representatives of MobilCom also took part, the company clarified its written comments, stating that it maintained the legal view also adopted by Germany, namely that the second aid measure was rescue and not restructuring aid.
V pogovorih med Nemčijo in Komisijo dne 9. januarja in 21. januarja 2004, na katerih so sodelovali tudi predstavniki podjetja MobilCom, je podjetje MobilCom svoje pisne navedbe podrobno obrazložilo v tem smislu, da podjetje še naprej vztraja pri pojmovanju prava, ki ga zastopa tudi Nemčija, da je odobrena druga pomoč pomoč za reševanje in ne pomoč za prestrukturiranje.
The question of appropriate compensatory measures therefore did not arise.
Tako je vprašanje o ustreznih kompenzacijskih ukrepih odveč.
Comments from Talkline GmbH & Co KG
Stališče Talkline GmbH & Co KG
As a mobile telephony service provider, Talkline GmbH & Co KG (Talkline) is a direct competitor of MobilCom.
Talkline GmbH & Co KG (v nadaljevanju: Talkline) je kot ponudnik storitev mobilne telefonije neposredni konkurent podjetja MobilCom.
It pointed out that, like other direct competitors, it had had to adapt to market conditions in the last two years and change direction at its own expense and without State aid.
Talkline opozarja, da bi se moralo podjetje v preteklih dveh letih, tako kot vsi ostali neposredni konkurenti, prilagoditi pogojem na trgu in se preusmeriti na lastne stroške, brez državne pomoči.
Talkline argued, first of all, that the second State‐guaranteed loan was restructuring aid for MobilCom and not rescue aid.
Talkline sprva navaja, da gre pri drugem kreditu z državnim jamstvom za pomoč za prestrukturiranje podjetja MobilCom in ne za pomoč za reševanje.
The restructuring of the firm had already begun before the second loan was granted in November.
Prestrukturiranje podjetja se je začelo že pred odobritvijo drugega posojila v novembru.
The firm also took the view that the distortion of competition caused by the aid to MobilCom was particularly severe.
Podjetje meni tudi, da je izkrivljanje konkurence, nastalo kot posledica pomoči podjetju MobilCom, izjemno intenzivno.
The aid granted was not compatible with the common market without sufficient compensation.
Odobrene pomoči brez zadostnih kompenzacijskih ukrepov niso združljive s skupnim trgom.
Talkline gave as a reason for the particular severity of the distortion of competition, first, the fact that the guarantee enabled MobilCom to continue in business without restriction, while carrying out a full and rapid restructuring.
Talkline utemeljuje posebno silovito izkrivljanje konkurence po eni strani s tem, da je poroštvo podjetju MobilCom omogočilo neomejeno nadaljevanje dejavnosti ob hkratnem hitrem in popolnem prestrukturiranju.
True, MobilCom did lose market shares during the restructuring, but its market presence was still appreciable for competitors.
Podjetje MobilCom je sicer med prestrukturiranjem izgubilo tržne deleže, vendar je njegova prisotnost na trgu za tekmece še vedno občutna.
Second, the State‐guaranteed loans enabled MobilCom to make its customer base profitable.
Po drugi strani so posojila, za katera je jamčila država, podjetju MobilCom omogočili, da si ustvari donosno bazo strank.
After streamlining its customer base, MobilCom had grown about as strongly as the market but had a disproportionately high‐yield customer base.
Po racionalizaciji baze strank je postalo podjetje MobilCom tako močno kot trg, toda z nesorazmerno donosno bazo strank.
In addition, because of the loans, MobilCom was able to delay the proposed sale of the fixed network to freenet.de AG and the ensuing partial sale of its stake in the latter, so that it could use the expected related rise in the market price not only to repay the loan but also to invest in the mobile telephony business since the sale of 20 % of the block of shares in September 2003 left it with liquid resources of almost EUR 60 million after paying off the loans in full.
MobilCom je lahko zaradi kreditov zavlačeval tudi načrtovano prodajo fiksnega omrežja podjetju Freenet.de AG, kot tudi z delno prodajo udeležbe, ki je sledila, zato podjetje zaradi pričakovanega dviga tečaja pridobilo ne le v zvezi z vračilom kredita, ampak tudi glede na nove naložbe v dejavnost mobilne telefonije, saj je prodaja 20 % paketa delnic v septembru 2003 podjetju MobilCom zagotovila dodatna likvidna sredstva v višini skoraj 60 milijonov EUR po odplačilu celotnega kredita.
Talkline also doubts whether it was necessary to grant the second guarantee.
Talkline dvomi tudi o sami nujnosti odobritve drugega poroštva.
MobilCom already had considerable fixed assets at the time, the stake in freenet.de AG in particular being emphasised by Talkline.
Podjetje MobilCom naj bi že takrat imelo znatna osnovna sredstva, od katerih Talkline poudarja zlasti udeležbo v Freenet.de AG.
The sale of 20 % of the freenet shares (3,75 million shares), which took place only in September 2003, would have already brought the firm an income of at least EUR 18,75 million in November 2002 at the then price of some EUR 5 per share. The sale of the whole stake (13,65 million shares) would have provided the firm with liquid resources of EUR 68 million and hence made borrowing largely, and a State guarantee definitely, unnecessary.
Prodaja 20 % deleža v podjetju Freenet (3,75 milijona delnic), izpeljana šele septembra leta 2003, bi podjetju že novembra 2003 po takratnem tečaju delnic v vrednosti okrog 5 EUR prinesla prihodke v višini najmanj 18,75 milijona EUR. Prodaja celotne udeležbe (13,65 milijona delnic) bi podjetju zagotovila likvidna sredstva v višini 68 milijonov EUR, zato bi bilo najemanje dodatnih kreditov in z gotovostjo tudi državno poroštvo nepotrebno.
This calculation was based only on the stock market price and not the net asset value of freenet.de AG, which had been put significantly higher by the supervisory board of MobilCom and the management board of freenet.de AG.
Ta izračun izhaja zgolj iz borznega tečaja, ne pa iz dejanske neto vrednosti premoženja podjetja Freenet.de AG, ki bi ga naj nadzorni svet podjetja MobilCom in upravni odbor Freenet.de AG uvrstila znatno višje.
If the Commission concludes that the State guarantee for the second loan is admissible restructuring aid, it can authorise it, in Talkline's view, only if Germany offers further compensatory measures in accordance with point 35 et seq. of the Community guidelines.
Če bo Komisija prišla do izida, da predstavlja državno poroštvo za drugi kredit dovoljeno pomoč za prestrukturiranje, ga lahko po mnenju Talkline odobri le, če bo Nemčija ponudila ustrezne kompenzacijske ukrepe v skladu z uvodno izjavo 35 in naprej smernic Skupnosti.
The measures taken by Germany were not sufficient, in Talkline's opinion, to offset the aid's adverse effects.
Ukrepi, ki jih je navedla Nemčija, po mnenju Talkline ne zadoščajo za izravnavo negativnih učinkov pomoči.
The reduction of capacities in the mobile telephony sector and the associated reduction of the customer base were largely attributable to the fact that MobilCom had dropped unprofitable customer relationships.
Ukinitev zmogljivosti na področju mobilne telefonije in s tem povezano zmanjšanje baze strank je pretežno posledica tega, da je podjetje MobilCom izločilo nedonosne stranke.
This reduction was necessary from an economic point of view and cannot therefore be accepted as a quid pro quo.
Tako zmanjšanje so narekovala ekonomična načela, zato jih ni mogoče obravnavati kot dolžnosti.
There had been no complete withdrawal from the landline and Internet business.
Umik iz posla fiksno omrežje/internet ni bil izpeljan v celoti.
What is more, the sale of the stake in freenet, given its effect on competition in the mobile telephony sector, constituted a capital restructuring.
Poleg tega predstavlja učinek prodaje deleža v podjetju Freenet zaradi vpliva na konkurenco na področju mobilne telefonije prerazporeditev kapitala.
As a quid pro quo for possible distortions of competition, it was thus not only worthless but considerably aggravated the distortion since MobilCom was now investing the proceeds from the sale of the freenet stake directly in the service provider business.
Tako nima nobene vrednosti v smislu ukrepa za izravnavo izkrivljanja konkurence, ampak predstavlja celo posebno poostritev izkrivljanja, saj bo sedaj podjetje MobilCom prihodek iz prodaje deleža podjetja Freenet vložilo neposredno v področje ponujanja storitev.
The freezing of the UMTS business was an economic necessity and was therefore not suitable either as a compensatory measure to offset distortions of competition in the mobile telephony sector.
Zamrznitev posla UMTS je bila gospodarska nuja, zato tudi to ni primeren kompenzacijski ukrep za izkrivljanje konkurence na področju mobilne telefonije.
The withdrawal benefited only the remaining UMTS licence holders, who had one direct competitor less.
Od izstopa bodo imeli korist samo preostali imetniki licence UMTS, ki bodo imeli v neposrednem odnosu konkurenta manj.
Lastly, Talkline proposed a catalogue of possible measures for offsetting the distortions of competition it felt had occurred.
Talkline nazadnje predlaga katalog možnih ukrepov za izravnavo izkrivljanja konkurence, do katerega je po pojmovanju podjetja prišlo.