The European Commission announced Wednesday the launch of an investigation into staid aid given to cable television operator Numericable between 2002 and 2006. The aid for the state-owned firm was part of a project in the country to transfer public cable television infrastructure; the aid gave Numericale free infrastructure that, according to the Commission, gave the company “a huge economic advantage over its competitors.” The regulator said in a statement it would now look into whether that aid violates EU competition law.
Full Content: Bloomberg
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