natgillin/translations-raw huggingface dataset:
Germany submitted among other things an opinion drawn up by the consortium lead bank, KfW, on 1 June 2003 in which the latter assessed the value of the collateral additionally provided for the EUR 112 million loan. In the EUR 112 million loan contract, MobilCom undertook among other things to pledge all the shares in all the subsidiaries and associated companies of MobilCom AG and MobilCom Holding GmbH, including the freenet.de AG holding, and to transfer all claims against Millenium GmbH and against the former manager Gerhard Schmid amounting to EUR 71 million. All the usual banking collateral that was available in the company was also to be transferred.
Nemčija je med drugim predložila tudi mnenje banke KfW, ki vodi posel, z dne 1. junija 2003, v katerem slednja presoja vrednost varščin, na osnovi katerih je bil odobren dodaten kredit v višini 112 milijonov EUR. V kreditni pogodbi za 112 milijonov EUR se je podjetje MobilCom med drugim obvezalo zastaviti poslovne deleže v vseh hčerinskih in pridruženih podjetjih MobilCom AG oziroma mobilcom Holding GmbH, med drugim tudi udeležbo v Freenet.de AG, kakor tudi vse pravice iz terjatev do Millenium GmbH odstopiti od terjatev do prejšnjega predsednika Gerharda Schmida v višini 71 milijonov EUR. Prenesti je bilo treba tudi vse bančno običajne varščine v podjetju.
The value of the freenet holding, which had already been pledged in December 2002, could not be assessed according to KfW because of the marked volatility of the shares.
Po navedbah KfW vrednosti udeležbe v podjetju Freenet, zastavljene že decembra leta 2002, zaradi močne nihajnosti delnic ni bilo mogoče oceniti.
The claims against Gerhard Schmid and Millenium GmbH made over to the bank consortium were to be met through the sale of the MobilCom AG holding by the trustee Prof. Dieter Thoma by 31 December 2003.
Pravice do terjatve do Gerharda Schmida in Millenium GmbH, odstopljene bančnemu konzorciju, bi naj zadovoljili tako, da bi upravitelj premoženja prof. Dieter Thoma do 31. decembra 2003 odsvojil delnice MobilCom AG.
The valuation of this collateral was based on the stock exchange price of MobilCom's stock.
Ocenitev varščine se je ravnala po borznem tečaju delnice MobilCom.
Since that price is dependent on MobilCom's creditworthiness, KfW, according to Germany, was not able to attribute any collateral value, based on customary banking principles, to the collateral.
Ker je borzni tečaj delnice odvisen od bonitete podjetja MobilCom, KfW po navedbah Nemčije v skladu z bančno običajnimi načeli tudi tej varščini ni mogla pripisati vrednosti za zavarovanje.
Other collateral, such as the subsequently transferred purchase money claim against freenet.de AG arising from the sale of the landline division amounting to EUR 35 million, was not yet available at the time the loan was granted.
Druge varščine, kot je terjatev kupnine do Freenet.de AG iz odsvojitve panoge fiksnega omrežja v višini 35 milijonov EUR, od katere so kasneje odstopili, v trenutku odobritve posojila še niso bile na voljo.
The Commission must therefore conclude that the granting of the 80 % Federal and Land guarantee was necessary in order for the banks to be able to justify the granting of the EUR 112 million loan.
Komisija mora tako sklepati, da je bila odobritev 80 % poroštva zveze in dežele potrebna za odobritev bančnega kredita v višini 112 milijonov EUR.
The Commission thus finds that, at the time when the second loan was granted, the firm was unable to restructure itself through its own resources or with the funds it was able to obtain from its owner/shareholders or creditors, without the State contribution.
V izidu Komisija ugotavlja, da se podjetje v trenutku odobritve druge pomoči ni moglo sanirati z lastnimi močmi ali s sredstvi svojih delničarjev, upnikov ali s krediti brez državne pomoči.
In its view, therefore, there is sufficient evidence that, in November 2002, MobilCom was still a firm in difficulty within the meaning of the Community guidelines.
Komisija meni, da je s tem dokazano, da se je podjetje MobilCom tudi novembra leta 2002 nahajalo v težavah v smislu smernic Skupnosti.
Restoration of long‐term viability
Ponovna vzpostavitev dolgoročne rentabilnosti
Pursuant to point 31 et seq. of the Community guidelines, the grant of restructuring aid is conditional on implementation of a restructuring plan which must be endorsed by the Commission in the case of all individual aid measures and checked to see whether it is likely to restore the long‐term viability of the firm.
V skladu z uvodno izjavo 30 in naprej smernic Skupnosti je odobritev pomoči za prestrukturiranje odvisna od izvedbe načrta prestrukturiranja, ki ga mora Komisija pri vsaki posamezni pomoči odobriti in preveriti, ali je primeren za ponovno vzpostavitev dolgoročne rentabilnosti.
The Commission did not have any doubt that the MobilCom group could be stabilised following the successful conclusion of the MC Settlement Agreement with France Télécom.
Iz vidika Komisije ni bilo dvomov o sposobnosti sanacije skupine MobilCom z uspešno sklenitvijo sporazuma o poravnavi („MC Settlement Agreement“) s France Télécom.
The detailed restructuring plan submitted to the Commission in March 2003 contained a comprehensive analysis of the structural deficits responsible for the problems and a comprehensive list of measures to overcome the weaknesses identified.
Podrobni načrt prestrukturiranja, ki je bil Komisiji predložen marca leta 2003, je vseboval obsežno analizo strukturnih deficitov, ki so povzročili težave, ter obsežni katalog ukrepov za odstranjevanje diagnosticiranih šibkih točk.
On the basis of a forecast profit and loss account up to the end of 2007 and a scenario and risk analysis, the Commission was able to establish that the proposed restructuring measures were reasonable, cogent and, in principle, appropriate to allow MobilCom to restore its long‐term viability.
Na osnovi predvidene bilance uspešnosti do konca leta 2007 ter na podlagi analize scenarijev in tveganj je lahko Komisija končno sklepala, da so bili predlagani ukrepi za prestrukturiranje razumni, prepričljivi in načeloma primerni za vzpostavitev dolgoročne rentabilnosti podjetja MobilCom.
Furthermore, Deloitte & Touche carried out an assessment of the restructuring plan on behalf of MobilCom and came to the conclusion that the plan was in line with the auditing firm's assessments in the 25 October 2002 report and in its monthly reporting on the restructuring process.
Revizorska družba Deloitte & Touche je po naročilu podjetja MobilCom presodila tudi načrt prestrukturiranja in ugotovila, da so bile izjave v skladu z ocenami revizijske družbe v poročilu z dne 25. oktobra 2002 in z mesečnimi poročili o sanacijskem procesu.
This ex ante assessment is also borne out by actual developments.
To predhodno oceno podpira tudi dejanski razvoj.
MobilCom was back in profit in the service provider sector in the second quarter of 2003 (for the first time after eleven quarters) and was able to pay off its debts in full through the sale of freenet shares in September 2003.
MobilCom je na področju ponujanja storitev znova prigospodarilo dobičke že v 2. četrtletju leta 2003 (prvič po enajstih četrtletjih) in se je tako z odsvojitvijo deležev v podjetju Freenet septembra leta 2003 popolnoma rešilo dolgov.
Under point 40 of the Community guidelines, the amount and intensity of the aid must be limited to the strict minimum needed to enable restructuring to be undertaken.
V skladu z uvodno izjavo 40 smernic Skupnosti morata biti višina in intenzivnost pomoči omejeni na minimum, nujno potreben za prestrukturiranje.
Aid beneficiaries must make a significant contribution to the restructuring plan from their own resources, including through the sale of assets that are not essential to the firm's survival, or from external financing at market conditions.
Zato morajo prejemniki pomoči znatno prispevati k načrtu prestrukturiranj iz obstoječih lastnih virov, če je treba s prodajo sredstev, ki niso nujno potrebna za nadaljnji obstoj podjetja, ali pa s financiranjem s sposojenim kapitalom pod tržnimi pogoji.
The Commission considers that Germany has demonstrated sufficiently that the restructuring aid in the form of a State guarantee for the loan of EUR 112 million is limited to the minimum needed for the restructuring in the light of the existing financial resources of the company, its shareholders or the business group to which it belongs.
Komisija meni, da je Nemčija v zadostni meri dokazala, da je pomoč za prestrukturiranje v obliki državnega poroštva za kredit v višini 112 milijonov EUR omejena na minimum, potreben za prestrukturiranje ob upoštevanju razpoložljivih lastnih finančnih virov podjetja, njenih delničarjev in koncerna.
During the restructuring phase, MobilCom did not carry out any additional acquisitions or new investment not strictly necessary for the restoration of long‐term viability.
Med fazo prestrukturiranja podjetje MobilCom ni sklepalo poslov niti z novimi naročniki, niti z novimi vlagatelji, ki niso bili nujno potrebni za ponovno vzpostavitev dolgoročne rentabilnosti.
Nevertheless, the Commission thinks it necessary to attach conditions to its approval of the aid in order to avoid undue distortions of competition (see paragraphs 176 to 189).
Kljub temu Komisija meni, da je treba odobritev pomoči povezati z določenimi pogoji ter preprečiti nesprejemljivo izkrivljanje konkurence (glej uvodne izjave 176 do 189).
As far as the period covered by the State‐guaranteed loan is concerned, the Commission notes that, according to the information provided by Germany, France Télécom pressed for a term of at least 18 months for the State‐guaranteed restructuring loan as a precondition for its taking over the liabilities stemming from the UMTS business, as MobilCom needed it to do, and that, consequently, a shorter term would not have been practicable without endangering the conclusion of the MC Settlement Agreement.
V zvezi s trajanjem posojila z državnim jamstvom je Komisija izvedela, da je po navedbah Nemčije podjetje France Télécom uveljavljalo najmanj 18-mesečno trajanje kredita za prestrukturiranje z državnim jamstvom kot pogoj za prevzem obveznosti posla UMTS, ki je bil za MobilCom bistvenega pomena, zato krajšega trajanja ni bilo mogoče uveljaviti brez ogrožanja sklenitve sporazuma o poravnavi („MC Settlement Agreement“).
The Commission therefore regards the requirement that aid be limited to the minimum as also having been met in this respect.
Komisija je zato menila, da je zahteva po omejitvi pomoči na minimum v tem smislu izpolnjena.
As regards the beneficiary's own contribution to the restructuring, the Commission notes that the State guarantee covered only 80 % of the guaranteed loan.
Glede na lastni prispevek upravičenca za prestrukturiranje se je Komisija seznanila, da državno poroštvo krije le 80 % zajamčene kreditne vsote.
The risk in relation to the remaining 20 % was thus borne by the firm and the lending banks.
Tveganje za preostalih 20 % je tako prevzelo podjetje samo oziroma banka, ki je odobrila kredit.
In addition, MobilCom helped to finance the restructuring through the sale of assets as set out in the restructuring plan.
Poleg tega je podjetje MobilCom k financiranju prestrukturiranja prispevalo z odsvojitvijo premoženja, kot predvideva načrt prestrukturiranja.
The first instalments made possible by the EUR 35 million sale of the landline division to freenet in March 2003 were used to pay back the loans.
Tako so bili prvi obroki od odsvojitve fiksnega omrežja podjetju Freenet, izvedene že marca leta 2003 v višini 35 milijonov EUR, uporabljeni za poplačilo kredita.
The remainder of the loan was repaid in full in less than one year out of the proceeds from the sale of 20 % of the shares in freenet.
Preostali znesek kredita je bil v manj kot enem letu v celoti poplačan iz prihodkov od prodaje 20 % udeležbe v podjetju Freenet.
Against this background and bearing in mind that the aid took the form of a loan guarantee and not a non‐repayable grant, the Commission concludes that MobilCom made a sufficient contribution to the restructuring from its own resources within the meaning of point 40 of the guidelines and that the aid was reduced to the minimum.
Iz tega vidika ter ob upoštevanju, da je bila pomoč odobrena v obliki poroštva za posojilo in ne vračljive subvencije, je Komisija prišla do izida, da je podjetje MobilCom prispevalo zadosten lastni prispevek za prestrukturiranje v smislu uvodne izjave 40 smernic Skupnosti in pomoč zmanjšalo na minimum.
Under point 35 et seq. of the Community guidelines, measures must be taken to mitigate as far as possible any adverse effects of the aid on competition.
V skladu z uvodno izjavo 35 in naprej smernic Skupnosti je treba ukreniti vse za ublažitev negativnih učinkov pomoči na tekmece.
This condition usually takes the form of a limitation or reduction of the presence which the company can enjoy on its market or markets, such limitation or restriction being in proportion to the distortive effects of the aid and, in particular, to the relative importance of the firm on its market or markets.
Večinoma se ta pogoj konkretizira z omejitvijo ali zmanjšanjem prisotnosti podjetja na bistvenem ali bistvenih trgih, ki mora biti v razmerju z učinki izkrivljanja, povzročenimi s pomočjo, in zlasti z relativno težo podjetja na svojem ali svojih trgih.
The Commission finds that MobilCom used the aid as specified in the restructuring plan only for the stabilisation of the mobile telephony/service provider business area.
Komisija je ugotovila, da je podjetje MobilCom pomoč, tako kot je bilo predvideno v načrtu prestrukturiranja, uporabilo le za sanacijo področja poslovanja mobilne telefonije/ponujanja storitev.
The aid therefore had an impact primarily on the mobile telephony market.
Pomoč je tako zlasti učinkovala na trg mobilne telefonije.
In the Commission's view, the markets for landline services, voice telephony and Internet services, on which MobilCom will continue to operate in the future through its holding in freenet.de AG, are not appreciably affected.
Po oceni Komisije trgi za fiksno omrežje, govorno telefonijo in internetne storitve, na katerih bo MobilCom s svojo udeležbe v podjetju Freenet.de AG dejavno še naprej, niso občutno prizadeti.
In what follows the Commission will therefore examine first whether the aid has had a negative impact on MobilCom's competitors in the mobile telephony market and whether it has led to distortions which make compensatory measures necessary.
Komisija bo zato v nadaljevanju preverila, ali ima pomoč škodljive učinke na tekmece podjetja MobilCom na trgu mobilne telefonije in povzroča izkrivljanje konkurence, ki bi zahtevalo kompenzacijske ukrepe.
Taking the market for mobile telephony services as a whole, MobilCom is one of the smaller suppliers, with a total market share of 8 % prior to the restructuring of the group and an estimated share of around 6 % after restructuring.
Ob opazovanju celotnega trga storitev mobilne telefonije, sodi podjetje MobilCom z 8 % skupnim tržnim deležem pred in približno 6 % po prestrukturiranju k skupini manjših ponudnikov.
Moreover, the aid granted to MobilCom took the form of a loan guarantee, and not a grant.
Treba je zabeležiti tudi, da pomoči, odobrene podjetju MobilCom, niso predstavljale subvencije, temveč kreditno poroštvo.
The guaranteed loan was repaid in full on 20 September 2003, only 10 months after the loan had been granted in November 2002.
Kredit s poroštvom države je bil v celoti poplačan že 20. septembra 2003, le 10 mesecev po odobritvi kredita v novembru leta 2002.
On the other hand, in the years prior to the crisis in 2002, MobilCom pursued an aggressive expansion strategy geared exclusively to growth in the mobile telephony/service provider sector at the expense of profitability.
Po drugi strani pa je MobilCom v letih pred krizo v letu 2002 vodilo cenovno agresivno strategijo širitve, ki je bila usmerjena izključno v rast področij poslovanja mobilne telefonije/ponudnika storitev v breme rentabilnosti.
MobilCom's focus purely on expanding its market share also had to be viewed in the context of the planned expansion of its UMTS network since network operators earn higher margins on their customers than pure service providers.
Izključna koncentracija podjetja MobilCom na rast tržnega deleža je bila opazna že pred načrtovano izgradnjo omrežja UMTS podjetja MobilCom, ker omrežni operaterji pri svojih strankah prigospodarijo višje marže kot ponudniki storitev.
By focusing its activities on the UMTS field and attempting to establish itself as a UMTS operator, MobilCom was taking a major risk.
S koncentracijo svojih dejavnosti na področje UMTS in s poskusom uveljavitve kot UMTS operater je podjetje MobilCom veliko tvegalo.
Ultimately, this business strategy failed, as demonstrated by the difficulties MobilCom experienced in the second half of 2002.
Kot kažejo težave podjetja MobilCom v drugi polovici 2002, je bila na koncu ta poslovna strategija neuspešna.
MobilCom therefore withdrew as a network operator from the UMTS sector and geared its marketing strategy towards keeping existing profitable customers and pushing up average monthly turnover.
Podjetje MobilCom se je kot omrežni operater umaknilo iz področja UMTS in svojo tržno strategijo usmerilo na ohranitev obstoječih dobrih strank in na večanje povprečnih mesečnih prometov.
However, because of the aid, MobilCom did not have to bear the negative consequences of its high‐risk strategy alone, while it continued to benefit from the positive effects such as the possibility of drawing on a wider clientele when streamlining its customer base.
Zaradi odobrene pomoči podjetju MobilCom ni bilo treba prevzeti negativnih posledic svoje tvegane strategije, medtem ko je podjetje še naprej imelo koristi od pozitivnih učinkov, kot na primer od možnosti, da lahko z racionalizacijo portfelja strank uporabi večjo bazo strank.
This gave MobilCom a clear advantage over its competitors.
S tem je imelo podjetje MobilCom zaradi pomoči nedvomno prednost pred svojimi tekmeci.
MobilCom also conceded that, without the State aid, it would have had to declare insolvency, which would probably have lost it a large proportion of its existing customers.
Nadaljnje je podjetje MobilCom priznalo, da bi moralo brez državne pomoči prijaviti plačilno nesposobnost, s čimer bi najverjetneje izgubilo velik del svojih obstoječih strank.
The aid enabled MobilCom not only to stay in business but also to carry out a physical reorganisation, to reorient its marketing strategy, to drop customers with lower profit margins from its clientele and to focus on profitable customers.
Zaradi pomoči pa je lahko podjetje nadaljevalo svojo poslovno dejavnost, se tudi fizično reorganiziralo in usmerilo v nove tržne strategije, iz portfelja strank odstranilo stranke z manjšimi dobičkovnimi maržami in se koncentriralo na dobre stranke.
In the end, although customer numbers dropped during the restructuring, gross yield per customer rose.
Končno število strank med fazo prestrukturiranja je bilo sicer manjše, toda bruto prihodek po stranki se je povečal.
The Commission also takes account of the fact that the granting of the aid gave MobilCom time to prepare the planned sale of the freenet holding carefully in order to achieve the maximum proceeds from the sale for redeeming the loans and to generate further liquidity.
Komisija je upoštevala tudi, da je podjetje MobilCom z odobreno pomočjo pridobilo čas temeljito pripraviti predvideno prodajo udeležbe v podjetju Freenet za čim višji prihodek od prodaje, s katerim bi poplačalo posojila in postalo še bolj likvidno.
In point of fact, MobilCom managed to achieve proceeds of EUR 176 million on the sale of only 20 % of the shares. After redemption of the outstanding credit lines from the State‐guaranteed loans, the remaining proceeds gave MobilCom EUR 60 million in additional liquidity for its service provider operations.
Ob koncu je bil znesek prihodka od odsvojitve, ki ga je podjetje MobilCom doseglo za le 20 % delež, 176 milijonov EUR. Po poplačilih neporavnanih kreditnih linij iz posojila z državnim jamstvom je ostalo podjetju MobilCom iz odsvojitve še 60 milijonov EUR dodatne likvidnosti za svoje poslovne dejavnosti na področju ponujanja storitev.
In changing its business strategy, MobilCom thus benefited from the guaranteed loan directly, as well as indirectly in that the guarantee allowed it to obtain a bridging loan in order to enable it to sell shares in freenet.de AG at an appropriate later date.
Podjetje MobilCom je tako pri preusmeritvi svoje poslovne strategije pridobilo neposredno od državno zajamčenega kredita, pa tudi posredno, saj je poroštvo podjetju MobilCom omogočilo premostitveno financiranje za odsvojitev udeležbe v Freenet.de AG ob ustreznejšem trenutku.
An earlier sale would probably have resulted in lower proceeds.
Če bi bila odsvojitev izvedena prej, bi bil dosežen prihodek najverjetneje manjši.
The aid therefore has a particularly negative effect on competitors, who, as the expected natural saturation point is reached in the next few years, will also have to gear their business strategy to more profitable customer segments, but without the support of any State aid.
Pomoč tako zlasti škodljivo vpliva na tekmece, ki morajo zaradi pričakovanega doseganja naravne meje zasičenosti v prihodnjih letih svojo poslovno strategijo prav tako preusmeriti na dobičkonosne segmente strank brez opiranja na državno pomoč.
Despite the fact that MobilCom's share in the German mobile telephony market is less than 10 % and although the State‐guaranteed loans were repaid rapidly, the Commission has therefore concluded that the aid led to undue distortions of competition in that market.
Ne glede na dejstvo, da je delež podjetja MobilCom na nemškem trgu mobilne telefonije manj kot 10 % in je kredite, za katere je jamčila država hitro poplačalo, je Komisija sklenila, da je pomoč povzročila nesprejemljivo izkrivljanje konkurence na nemškem trgu mobilne telefonije.
In the Commission's view, the measures cited by Germany for reducing the firm's market presence, in particular its withdrawal from the UMTS business, have not sufficiently mitigated these distortions.
Navedenega izkrivljanja konkurence po mnenju Komisije ni mogoče dovolj ublažiti z ukrepi, ki jih je imenovala Nemčija za zmanjšanje prisotnosti na trgu, zlasti z umikom podjetja iz posla UMTS.
MobilCom's withdrawal from the UMTS business cannot fully offset the adverse effects of the aid on competitors as the remaining UMTS licence holders were the main beneficiaries of the withdrawal and are only some of the competitors on the mobile telephony market.
Umik iz posla UMTS ne ustreza za zadostno izravnavo škode, povzročene tekmecem podjetja MobilCom, ker bi imeli največjo korist preostali imetniki licenc UMTS, ki predstavljajo le del konkurentov na trgu mobilne telefonije.
Nor can the withdrawal from the landline/Internet business by way of the transfer of landline activities to freenet and the changing of the freenet stake from a strategic into a financial holding, as claimed by Germany, be regarded as adequate compensatory measures for the undue distortions of competition caused by the aid since they primarily benefited landline operators and Internet service providers, not mobile telephony operators.
Tudi umik iz posla fiksnega omrežja in interneta s prenosom dejavnosti fiksnega omrežja na Freenet in pretvorba udeležbe v podjetju Freenet iz strateške v finančno udeležbo, kot zagotavlja Nemčija, ne predstavljata zadostnega kompenzacijskega ukrepa za nesprejemljivo izkrivljanje konkurence, povzročenega s pomočjo, saj imajo od tega koristi v glavnem operaterji fiksnega omrežja in ponudniki internetnih storitev, ne pa operaterji mobilne telefonije.
Germany cited as further compensatory measures the shedding of 1850 full‐time jobs, including 850 in the service provider sector, and the closure of sites.
Kot dodatni kompenzacijski ukrep Nemčija navaja ukinitev 1850 delovnih mest s polnim delovnim časom, od tega 850 na področju ponujanja storitev, in zaprtje lokacij.
It also indicated that MobilCom had lost customers and therefore market shares.
Po navedbah Nemčije je podjetje MobilCom izgubilo tudi stranke in s tem tržne deleže.