. 24/7 Space News .
SPACE WIRE
Alcatel, Finmeccanica to announce space operations tie-up Friday
  • Parisians brace for flooding risks as Seine creeps higher
  • Volcanos, earthquakes: Is the 'Ring of Fire' alight?
  • Finland's president Niinisto on course for second term
  • Record rain across soggy France keeps Seine rising
  • Record rain across sodden France keeps Seine rising
  • State of emergency as floods worry Paraguay capital
  • Panic and blame as Cape Town braces for water shut-off
  • Fresh tremors halt search ops after Japan volcano eruption
  • Cape Town now faces dry taps by April 12
  • Powerful quake hits off Alaska, but tsunami threat lifted
    • PARIS (AFP) Jan 27, 2005
     The French telecom equipment maker Alcatel and Italy's defense and aeronautic group Finmeccanica will formally announce an alliance of their space operations at a joint press conference Friday, Alcatel said here.

    The companies signed a preliminary deal for the tie-up in June last year.

    The arrangement will see the creation of two jointly owned companies, one for industrial activities and another for services.

    Alcatel Alenia Space will group the activities of Alcatel Space, specializing in satellites, and Alenia Spazio, Finmeccanica's space subsidiary. It will be 67 percent controlled by Alcatel and 33 percent by Finmeccanica.

    A second company, in which the Italian group will hold 67 percent and Alcatel 33 percent, will group the operations and service activities of Alcatel Space and Telespazio.




    All rights reserved. copyright 2018 Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.