Alcatel and Finmeccanica Receive Approval from European Commission

Alcatel and Finmeccanica
are delighted with the decision of the European Commission which has given its
approval for the creation of the two companies, Alcatel Alenia Space and

Obtaining this agreement is
linked to licence granting commitments in areas which the European Commission
considers that both companies have strong competitive positions: Telemetry,
Tracking and Control (TTC) and radar altimeters.

Now that this major step has been concluded, the legal and financial activities
relating to the creation of both companies can be completed. This creation
should occur on
1st July 2005. Senior manager nominations and the
detailed organisation of the company will occur following implementation of the
new organisation.

This major project will allow Alcatel Alenia Space to become one of the leading
international companies in the field of satellites and Telespazio to play a pre-eminent
role in space services activities.

About Finmeccanica, S.p.A.:

Finmeccanica is Italy??s leading high-tech company, operating in the design and
manufacture of helicopters, civil and military aircraft, aerostructures, space
satellites and infrastructure, satellite services, command and control systems,
defence electronics and systems, communications, security and IT. Finmeccanica
participates in some of the largest international programmes in the sector
through well-established alliances with European and American partners. Finmeccanica
also boasts significant manufacturing assets and skills in the transport and
energy sectors. With operations in

and abroad, it employs around
51,000 staff in total. Finmeccanica spends 16 % of its revenues on research and

About Alcatel

Alcatel provides communications solutions to telecommunication carriers,
Internet service providers and enterprises for delivery of voice, data and
video applications to their customers or employees. Alcatel brings its leading
position in fixed and mobile broadband networks; applications and services, to
help its partners and customers build a user-centric broadband world. With
sales of Euro 12.3 billion in 2004, Alcatel operates in more than 130

(source: Alcatel Space)

Author: EARSC

This website uses cookies to collect analytical data to enhance your browsing experience. Please accept our cookies or read our Privacy policy.