Brussels, 21/01/2004 (Agence Europe) - As expected the European Commission has decided that the transfer of pension obligations for Belgacom's statutory employees to the Belgian State does not involve State aid. The transfer is financially neutral because Belgacom in exchange for transferring its pension obligations to the Belgian State - pays the latter an amount corresponding to the net present value (NPV) of the obligations taken over by the Belgian State. The transfer reflects the true...