natgillin/translations-raw huggingface dataset:
The Commission notes that the main determinants of the business plan brought forward by UPC have either already been addressed in the Commission’s assessment of GNA’s business plan (such as penetration rate, subscriber take-up rate, churn rate, wholesale revenues, investment costs, life-expectancy of the network in the ‘residual value’ calculation) or are of limited relevance for its assessment (the choice of methodology in the plan) [100].
Komisija ugotavlja, da je glavne dejavnike poslovnega načrta, ki jih je navedla družba UPC, Komisija že obravnavala v oceni poslovnega načrta podjetja GNA (kot so stopnja gostote, stopnja pridobivanja naročnikov, stopnja osipa, grosistični prihodki, naložbeni stroški, pričakovana ekonomska uporabnost omrežja v izračunu „preostale vrednosti“) ali pa so omejenega pomena za njeno oceno (izbira metodologije v načrtu) [100].
UPC also stressed that the Commission should take into account not only the individual assumptions but the interrelation between them.
Operater UPC je tudi poudaril, da Komisija ne bi smela upoštevati le posameznih predpostavk, temveč tudi njihovo medsebojno povezavo.
For instance, UPC argues that high levels of penetration with high prices together are considered as impossible.
Na primer, operater UPC trdi, da visoke ravni gostote skupaj z visokimi cenami veljajo za nemogoče.
The Commission has assessed the methodology and the figures on which the business plan is based and found that they can be considered acceptable to a private investor operating under normal market economy conditions.
Komisija je ocenila metodologijo in podatke, na katerih temelji poslovni načrt, ter ugotovila, da lahko veljajo za sprejemljive za zasebnega operaterja, ki posluje pod običajnimi pogoji tržnega gospodarstva.
UPC also argues that in its calculations about the GNA business plan, it did not take into account that GNA will provide rebates for the users of the network in the first years, as this information was revealed in the Commission’s opening procedure.
Operater UPC tudi navaja, da v svojih izračunih glede poslovnega načrta družbe GNA ni upošteval dejstva, da bo podjetje GNA v prvih letih uporabnikom omrežja ponudilo popuste, saj so bili ti podatki razkriti šele v odločitvi Komisije o sprožitvi formalnega postopka preiskave.
UPC argues that such contribution by GNA to the marketing costs of the complete project further deteriorate any financial return of the project for the investors and provide further evidence that the GNA business plan is not feasible.
Operater UPC trdi, da tak prispevek podjetja GNA k trženjskim stroškom celotnega projekta še naprej slabša vsakršne finančne povrnitve projekta za vlagatelje in pomeni nadaljnji dokaz, da poslovni načrt podjetja GNA ni izvedljiv.
In this respect, the Commission notes that it is normal market practice that new services are offered at discount prices in the beginning in order to reach a certain customer base.
V zvezi s tem Komisija navaja, da so po običajni tržni praksi nove storitve na začetku ponujene po znižanih cenah zaradi doseganja določene baze strank.
Furthermore, the financial impact of those rebates was fully taken into account in the GNA business plan, which was analysed by the Commission.
Poleg tega je bil finančni učinek teh popustov v celoti upoštevan v poslovnem načrtu podjetja GNA, ki ga je analizirala Komisija.
As regards the Arcadis model [101] indicated by UPC as a possible proxy for the GNA business plan, the Commission notes that the model was not part of the submission of the Dutch authorities, and the authorities confirmed that there is no link between the project under scrutiny and the Arcadis model.
Glede modela Arcadis [101], ki ga je operater UPC navedel kot morebitni približek poslovnega načrta podjetja GNA, Komisija navaja, da ta model ni bil del predloženih dokumentov nizozemskih organov, ti organi pa so potrdili, da ni nobene povezave med obravnavanim projektom in modelom Arcadis.
Furthermore, the Commission has no indication that the loan of EUR […] provided by […] was not provided on market terms.
Poleg tega Komisija nima nobenih dokazov, da posojilo v znesku […] EUR, ki ga je odobril […], ne bi bilo odobreno pod tržnimi pogoji.
The interest rate required by […] [102] and the potential collateral value of the asset in place provide sufficient evidence that the loan was granted on market terms.
Obrestna mera, ki jo zaračunava […] [102], in mogoča poroštvena vrednost sredstev zagotavljata zadosten dokaz, da je bilo posojilo odobreno pod tržnimi pogoji.
Conclusion on the business plan
Sklenitev poslovnega načrta
After the formal investigation and having assessed the additional information received, the Commission comes to the conclusion that the GNA business plan is in line with the MEIP.
Po formalni preiskavi in oceni prejetih dodatnih informacij Komisija ugotavlja, da je poslovni načrt podjetja GNA skladen z načelom vlagatelja pod tržnimi pogoji.
The business plan is based on the main forecast that the evolution of the telecommunication and media markets in the Netherlands will translate in significant demand for high speed broadband services, which will be to a large extent be satisfied by FttH networks.
Poslovni načrt temelji na glavni napovedi, da bo imel razvoj telekomunikacijskih in medijskih trgov na Nizozemskem za posledico precejšnje povpraševanje po visokohitrostnih širokopasovnih storitvah, ki ga bodo v veliki meri zadovoljevala omrežja FTTH.
From this forecast, which has been endorsed by the report of Stratix Consulting/Delft Technical University, derive the assumptions regarding prices and penetration rate of the GNA network.
Iz te napovedi, ki jo je potrdilo poročilo družbe Stratix Consulting/Delft Technical University, izhajajo predpostavke o cenah in stopnji gostote omrežja podjetja GNA.
Together with other assumptions (e.g. investment costs), these factors drive the result that the project will sufficiently remunerate its investors.
Skupaj z drugimi predpostavkami (npr. naložbenimi stroški) so ti dejavniki pripeljali do ugotovitve, da bodo vlaganja vlagateljev v projekt zadostno povrnjena.
The Commission has assessed the plan and the assumptions therein by benchmarking it with comparable projects wherever possible, by checking its internal consistency and the feasibility of the assumptions.
Komisija je načrt in njegove predpostavke ocenila s primerjavo s primerljivimi projekti, kadar je bilo to mogoče, ter preverjanjem notranje usklajenosti in izvedljivosti predpostavk.
The conclusion from this assessment is that the business plan is methodologically correct and takes into account all the relevant factors that may impact on the success of the project.
Iz te ocene izhaja, da je poslovni načrt metodološko pravilen in upošteva vse pomembne dejavnike, ki lahko vplivajo na uspešnost projekta.
Furthermore, the Commission finds that GNA’s business plan does not contain manifestly erroneous assumptions.
Komisija tudi ugotavlja, da poslovni načrt podjetja GNA ne vsebuje očitno napačnih predpostavk.
The assumptions underlying the plan are realistic if seen against the main forecast on the evolution of the telecommunications and media markets.
Osnovne predpostavke načrta so realne, če jih primerjamo z glavnimi napovedmi o razvoju telekomunikacijskih in medijskih trgov.
They also appear realistic when benchmarked against comparable projects.
Stvarne se zdijo tudi, če jih primerjamo s primerljivimi projekti.
The reservations that may be raised against some of the assumptions of the business plan as a matter of principle or starting from a different forecast about the future evolution of the relevant markets are not sufficient to undermine its overall credibility.
Pridržki, ki se lahko porodijo glede nekaterih predpostavk poslovnega načrta popolnoma načelno ali na podlagi različnih napovedi o prihodnjem razvoju upoštevnih trgov, ne zadoščajo za izpodbijanje splošne verodostojnosti načrta.
Such divergence of views pertains to the wide margin of judgment that comes into entrepreneurial investment decisions.
Takšno razhajanje v mnenjih se kaže v širokem razponu presoj, uporabljenih v odločitvah o podjetniških naložbah.
It should be underlined that two private investors specialised (also) in communications infrastructure investments, ING RE and Reggefiber, took a significant stake in the project on the basis of the business plan.
Omeniti je treba, da sta dve zasebni vlagateljici, ki sta tudi sami specializirani za naložbe v komunikacijsko infrastrukturo, družbi ING RE in Reggefiber, v projektu prispevali precejšen delež na podlagi poslovnega načrta.
In addition to the financial returns, the project’s strategic value (as a relatively small ‘pilot project’ to test the potential of FttH technology in densely populated areas and the underlying novel business model [104]) may well have contributed to the public and private investors’ decision to accept a relatively higher level of risk [105].
Poleg finančnih donosov je bila verjetno tudi strateška vrednost projekta (kot relativno majhnega „pilotnega projekta“ za preskus zmogljivosti tehnologije omrežja FTTH na gosto naseljenih območjih in novega osnovnega poslovnega modela [104] tista, ki je prispevala k odločitvi javnih in zasebnih vlagateljev, da sprejmejo relativno visoko raven tveganja [105].
Having these elements in mind, the Commission concludes that a private investor operating under normal market economy conditions could invest in GNA on the basis of its business plan.
Glede na te pomisleke Komisija ugotavlja, da bi se zasebni vlagatelj, ki posluje pod običajnimi pogoji tržnega gospodarstva, lahko odločil za naložbo v podjetje GNA na podlagi njegovega poslovnega načrta.
As regards the submissions of UPC, ONO, FT, COM HEM and the anonymous party, asking the Commission to adopt a strict line regarding the application of the MEIP in the present case in view of the alleged ‘precedent character’ of the project for other broadband investments in Europe, the Commission wishes to highlight that the MEIP assessment always has to be conducted on a case-by-case basis in line with the existing case-law and its decision-making practice in this field.
Glede predloženih dokumentov družb UPC, ONO, FT, COM HEM in anonimne stranke, ki od Komisije zahtevajo strog pristop pri uporabi načela vlagatelja pod tržnimi pogoji v obravnavani zadevi glede na domnevno „precedenčni značaj“ projekta za druge širokopasovne naložbe v Evropi, bi Komisija rada poudarila, da je treba oceno načela vlagatelja pod tržnimi pogoji vedno opraviti na osnovi posameznega primera v skladu z veljavno sodno prakso in prakso odločanja na tem področju.
Overall, the Commission therefore concludes that the investment by the municipality of Amsterdam does not constitute State aid since it was made at the same time as a significant capital contribution on the part of a private investor made in comparable circumstances.
Zato Komisija ugotavlja, da naložba mestne občine Amsterdam ne pomeni državne pomoči, saj je bila v primerljivih okoliščinah izvedena hkrati s precejšnjim kapitalskim vložkom zasebnega vlagatelja.
In addition, an examination of the business plan has equally confirmed that the investment is in accordance with the Market Economy Investor Principle.
Poleg tega je tudi proučitev poslovnega načrta potrdila, da je naložba skladna z načelom vlagatelja pod tržnimi pogoji.
Following the opening of the formal investigation procedure, the Dutch authorities addressed the preliminary doubts expressed by the Commission in the opening decision in a satisfactory manner.
Po sprožitvi formalnega postopka preiskave so nizozemski organi zadovoljivo odgovorili na predhodne dvome, ki jih je Komisija izrazila v odločitvi o sprožitvi postopka.
In particular, all pre-investments by the Amsterdam municipality, which were one of the main concerns of the Commission in the opening decision, were reimbursed by GNA.
Predvsem so razložili, da je podjetje GNA povrnilo vse stroške predhodnih naložb mestne občine Amsterdam.
The Commission finds that the municipality of Amsterdam invests in GNA on the same terms and conditions as the private parties involved in the project, which are investing on the basis of GNA’s business plan.
Komisija ugotavlja, da mestna občina Amsterdam vlaga v podjetje GNA pod enakimi pogoji kot zasebne stranke, vključene v projekt, ki vlagajo na podlagi poslovnega načrta podjetja GNA.
Consequently, the Commission concludes that the investment of the municipality of Amsterdam in GNA does not constitute State aid within the meaning of Article 87(1) of the EC Treaty as it is in conformity with the Market Economy Investor Principle,
Komisija posledično ugotavlja, da naložba mestne občine Amsterdam v podjetje GNA ne pomeni državne pomoči v smislu člena 87(1) Pogodbe ES, saj je skladna z načelom vlagatelja pod tržnimi pogoji –
The investment by the municipality of Amsterdam in Glasvezelnet Amsterdam C.V., which is developing a fibre network in Amsterdam, as notified to the Commission by letter of 17 May 2005, does not constitute State aid within the meaning of Article 87(1) of the EC Treaty.
Naložba mestne občine Amsterdam v Glasvezelnet Amsterdam C.V. zaradi razvoja optičnega omrežja v Amsterdamu, kot je bila priglašena Komisiji 17. maja 2005, ne pomeni državne pomoči v smislu člena 87(1) Pogodbe ES.
The measure may accordingly be implemented.
Ukrep se temu primerno sme izvesti.
OJ C 134, 16.6.2007, p. 9: State aid C 53/06 (ex N 262/05) — Citynet Amsterdam — investment by the city of Amsterdam in a fibre-to-the-home (FttH) network — Invitation to submit comments pursuant to Article 88(2) of the EC Treaty.
UL C 134, 16.6.2007, str. 9: Državna pomoč C 53/06 (ex N 262/05) – Citynet Amsterdam: naložba mesta Amsterdam v omrežje kablov iz steklenih vlaken do doma (FTTH) – Vabilo za predložitev pripomb na podlagi člena 88(2) Pogodbe ES.
VECAI supplied further information by e-mails registered on 27 December 2005, 11 January 2006 and 31 January 2006.
VECAI je nadaljnje informacije predložil z elektronskimi poštami, evidentiranimi 27. decembra 2005, 11. januarja 2006 in 31. januarja 2006.
UPC Nederland BV is a subsidiary of Liberty Global Inc. UPC Nederland BV acts under the name of UPC in the Netherlands.
UPC Nederland BV je hčerinska družba podjetja Liberty Global Inc. UPC Nederland BV na Nizozemskem deluje pod imenom UPC.
Liberty Global, Inc. (Liberty Global) is an international cable operator offering video, telephone, and Internet access services.
Liberty Global Inc. (v nadaljnjem besedilu „Liberty Global“) je mednarodni kabelski operater, ki ponuja storitve video, telefonskega in internetnega dostopa.
It operates broadband communications networks in several countries.
Upravlja širokopasovna komunikacijska omrežja v več državah.
Information supplied by UPC on 12 May and registered on 15 May 2006.
Informacije, ki jih je UPC predložil 12. maja 2006, evidentirane pa so bile 15. maja 2006.
The authorities sent information on 19 and 31 May, 1, 7 and 13 June 2006.
in 31. maja 2006 ter 1., 7. in 13. junija 2006.
The authorities sent information on 18, 25 and 29 August 2006.
18., 25. in 29. avgusta 2006.
Cf. based on publicly available information, e.g. articles in newspapers Parool (7 October 2006) and Trouw (13 October 2006).
Glede na javno razpoložljive informacije, npr. članke v časopisih Parool (z dne 7. julija 2006) in Trouw (z dne 13. oktobra 2006).
The last batch of information was submitted by letter registered on 22 September 2006.
Elektronska pošta je bila evidentirana 22. septembra 2006.
Minutes of the Court of Appeal dated 21 November 2006, No 200601252.
Zapisnik pritožbenega sodišča z dne 21. novembra 2006, št. 200601252.
Gerechtshof, judgement in case 1252/06 KG of 18 January 2007.
Sodba pritožbenega sodišča z dne 18. januarja 2007 v zadevi 1252/06 KG.
‘Data rooms’ are typically used, for instance, during the due diligence phase of merger and acquisition transactions and provide access to confidential company data for the prospective bidders.
„Podatkovne sobe“ se običajno uporabljajo med fazo potrebne skrbnosti pri združitvenih in pripojitvenih transakcijah ter morebitnim ponudnikom zagotavljajo dostop do zaupnih podatkov o družbi.
By letter dated and registered on 17 July 2007.
Z dopisom z dne 17. julija 2007, evidentiranim istega dne.
By letter dated and registered on 16 July 2007.
Z dopisom z dne 16. julija 2007, evidentiranim istega dne.
By letter dated and registered on 17 July 2007, non-confidential version received on 27 July 2007.
Z dopisom z dne 17. julija 2007, evidentiranim istega dne, nezaupna različica prejeta 27. julija 2007.
The deployment of fibre access networks is considered to be the next big leap in the electronic communications sector.
Razvoj dostopa prek omrežij iz optičnih vlaken velja za naslednji veliki korak v sektorju elektronskih komunikacij.
The new fibre networks when compared with existing copper based networks (such as ADSL or cable) will provide much higher speeds and symmetrical services and are expected to pave the way for numerous new, innovative services and applications based on IP technologies (IPTV, video on demand, telemedicine, etc.).
V primerjavi s sedanjimi bakrenimi omrežji (kot sta omrežje ADSL in kabelsko omrežje) zagotavljajo nova omrežja iz optičnih vlaken precej večje hitrosti in simetrične storitve. Pričakovati je, da bodo tlakovala pot številnim novim inovativnim storitvam in aplikacijam, ki temeljijo na tehnologijah IP (IPTV, video na zahtevo, telemedicina itd.).
The successful bidder for the construction is Van den Berg Infrastructuren (BAM)/Draka Comteq Telecom.
Izbrana ponudnika za izgradnjo sta družbi Van den Berg Infrastructuren (BAM) in Draka Comteq Telecom.
Van den Berg is a subsidiary of BAM, a major construction company and Draka Comteq is a producer of cables.
Van den Berg je odvisna družba velikega gradbenega podjetja BAM, Draka Comteq pa je proizvajalec kablov.
The successful bidder for the operation of the network, tender 2005/S 79-76325, is BBned.
Izbrani ponudnik za upravljanje omrežja, razpis 2005/S 79-076325, je BBned.
ING RE is a subsidiary of ING, a financial services (banking and insurance) conglomerate.
ING RE je odvisna družba ING, konglomerata za finančne storitve (bančništvo in zavarovalništvo).
Reggefiber is engaged in several fibre network projects in the Netherlands and linked to the building and construction group Volker Wessels.
Reggefiber je dejaven v več projektih optičnega omrežja na Nizozemskem in povezan z gradbeno skupino Volker Wessels.
The financing of the social housing corporations in the Netherlands is currently subject of an existing aid procedure carried out by the Commission (Case E-2/2005 Bestaande woonwet en financierings-methoden voor woningsbouwcorporaties).
Financiranje korporacij za upravljanje družbenih stanovanj na Nizozemskem, je trenutno predmet postopka glede pomoči, ki ga izvaja Komisija (zadeva E-2/2005 Bestaande woonwet en financierings-methoden voor woningsbouwcorporaties).
By letter dated 20 December 2005 to Commissioner Neelie Kroes, Vecai requested the Commission to investigate the legal status of the housing corporations under the State aid rules.
Z dopisom Komisiji z dne 20. decembra 2005 je združenje VECAI od Komisije zahtevalo, naj prouči pravni status korporacij za upravljanje družbenih stanovanj v skladu s pravili o državni pomoči.
By letter of 3 February 2006, Commissioner Kroes replied, explaining that Competition DG is dealing with the issue within the framework of the before-mentioned ongoing procedure.
Komisija je odgovorila z dopisom z dne 3. februarja 2006, v katerem je razložila, da Generalni direktorat za konkurenco to vprašanje obravnava na podlagi zgoraj navedenega postopka, ki trenutno poteka.
About one third of the houses (13000) in this area are owned by the social housing corporations.
Približno tretjina hiš (13000) na tem območju je v lasti korporacij za upravljanje družbenih stanovanj.
[…] The information in brackets is covered by the obligation of professional secrecy.
za informacije v narekovajih velja obveznost poslovne skrivnosti.
BBNed is a private broadband operator, a subsidiary of Telecom Italia.
BBNed je zasebni širokopasovni operater, odvisna družba družbe Telecom Italia.
BBned was selected through a tender procedure which was advertised in the Official Journal of the European Communities with reference to 2004/S 138-118456, dated 17 July 2004.
BBned je bil izbran z razpisnim postopkom, objavljenim v Uradnem listu Evropskih skupnosti pod referenčno številko 2004/S 138 – 118456, z datumom 17. julij 2004.
In telecommunications, ‘triple play’ is a term for offering high speed Internet access, television and telephone services over a single broadband connection.
Na področju telekomunikacij označuje „trojček“ ponudbo visokohitrostnega internetnega dostopa, televizijskih storitev in storitev telefonije prek enega samega širokopasovnega priključka.
The Judgement of the Court of First Instance in case T-73/98 Société chimique Prayon-Rupel SA v Commission [2001] ECR II-867, recital 93 says ‘the fact that the time spent considerably exceeds the time usually required for preliminary examinations under Article 93(3) of the Treaty may, with other factors, justify the conclusion that the Commission encountered serious difficulties off assessment necessitating initiation of the procedure under Article 93(2) of the Treaty’.
Sodba Sodišča prve stopnje v zadevi T-73/98 Société chimique Prayon-Rupel SA proti Komisiji [2001] PSES II-867 navaja (uvodna izjava 93): „dejstvo, da porabljeni čas precej presega čas, ki je običajno potreben za predhodne proučitve po členu 93(3) Pogodbe, lahko, skupaj z drugimi dejavniki, upraviči ugotovitev, da je Komisija pri ocenjevanju naletela na resne težave, zaradi česar je potrebna sprožitev postopka v skladu s členom 93(2) Pogodbe“.
The municipality commissioned several studies in 2003 and 2004 to prepare the project and organised the tenders for the construction and the exploitation of the network.
Mestna občina je v letih 2003 in 2004 naročila več študij za pripravo projekta ter organizirala razpise za izgradnjo in izkoriščanje omrežja.
In addition, the city of Amsterdam financed certain digging activities and purchased software for the construction of the network.
Poleg tega je mesto Amsterdam financiralo določena izkopavanja in kupilo programsko opremo za izgradnjo omrežja.
These ‘pre-investments’ of the municipality amount to […].
Te „predhodne naložbe“ mestne občine so znašale […].
See recital 30 and following of the opening decision.
Glej uvodno izjavo 30 in naslednje odločitve o sprožitvi postopka.
As the Dutch authorities requested that GNA’s business plan was subject to the obligation of professional secrecy, RBB Economics did not have access to GNA’s actual business plan and based its study on publicly available information and on the public version of the Commission’s opening decision.
Ker so nizozemski organi zahtevali, da za poslovni načrt podjetja GNA velja obveznost poslovne skrivnosti, podjetje RBB Economics ni imelo dostopa do dejanskega poslovnega načrta podjetja GNA, zato je svojo študijo utemeljilo na javno razpoložljivih podatkih in javni različici odločitve Komisije o sprožitvi postopka.
See recitals 30 and following of the opening decision.
Glej uvodno izjavo 30 in naslednje odločitve o sprožitvi postopka.
The overall churn rates indicated all customers who left UPC to any other operator (for instance to KPN, GNA, moved to other districts, etc.).
Splošne stopnje osipa (prehoda h konkurenci) so zajele vse stranke, ki so od operaterja UPC prešle k drugemu operaterju (na primer k operaterju KPN ali podjetju GNA oziroma so se preselile v druga okrožja itd.).
Therefore, UPC considers this figure as the maximum churn rate that the new GNA fibre network could have achieved at this stage.
Zato UPC meni, da je ta podatek najvišja stopnja osipa, ki bi ga novo optično omrežje podjetja GNA lahko doseglo v tej fazi.
GNA started to roll out the network in October 2006 and retail operators using the GNA network via BBNed started offering services in March 2007.
GNA je začel omrežje uvajati oktobra 2006, maloprodajni operaterji, ki uporabljajo omrežje podjetja GNA prek operaterja BBned, pa so začeli storitve ponujati marca 2007.