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Industry: Email Alert RSS FeedEC okays creation of two space companies.(BUSINESS)(European Commission)
Wireless Satellite and Broadcasting Newsletter, May, 2005
The European Commission has given its approval to Alcatel and Finmeccanica for the creation of two space companies, Alcatel Alenia Space and Telespazio.
The merger of the space activities of the Alcatel and Finmeccanica through the creation of two joint ventures companies was first announced in January this year.
The first company, Alcatel Alenia Space, of which Alcatel will hold 67% and Finmeccanica 33%, will combine Alcatel Space and Alenia Spazio's activities.
It will concentrate on the design, development, and manufacturing of space systems, satellites, payloads, instruments and associated ground systems for civilian and military applications.
The headquarters of Alcatel Alenia Space will be located in France, with plants in...
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