Following complaints by satellite providers, the Commission started a formal investigation into alleged financial support that Teracom received from the Swedish State in 2004. The complainants alleged that Teracom received excessive transmission fee payments from the public service broadcaster SVT in return for transmission services, an alleged state-issued credit guarantee and a capital injection. The Commission found that these complaints were unfounded because the transmission fee payments from SVT to Teracom did not exceed market rates, the state credit guarantee was eventually not issued and the capital injection was made on conditions that would have been acceptable to a private investor operating under normal market economy conditions. Therefore, the Commission concluded that the measures taken by the Swedish Government did not constitute aid. [21 December 2006]