Assessed State Aid Granted to France Télécom

Compass Lexecon experts assisted the European Commission in assessing whether the actions of the French government in supporting France Télécom complied with State aid rules.

We conducted a Market Economy Investor Principle (“MEIP”) test, an event study on stock prices, and an assessment of possible unfair advantages. Based on our analysis, the Commission concluded that the credit line granted to France Télécom constituted illegal State aid.