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EADS Space Services Acquires 49% Of The London Satellite Exchange
Paris, France (SPX) Apr 04, 2006 EADS SPACE Services has purchased a 49% stake in London Satellite Exchange. The acquisition will strengthen EADS SPACE Services' one-stop-shop strategy of providing satellite capacity and services, including non-military capacity, to Government customers. EADS SPACE Services has been working jointly since two years with London Satellite Exchange, whose operational base is in Toulouse, notably on the ASTEL S contract for the French MOD. London Satellite Exchange has developed its renowned position as the multi-lateral source for satellite capacity, supplying customers with direct or second hand satellite capacity on a just-in-time basis. This so called "spot" market has attracted proponents from all sectors but in recent years a peak demand has developed from the Government sector. London Satellite Exchange's neutral approach to procurement enables it to present customers with all possible technical options, effectively empowering the customer to minimise risk and cost. This acquisition fits directly into EADS SPACE Services' strategy of enabling their customers to procure the most appropriate capacity for their critical applications, on a flexible and secure basis. This move is a logical next-step in the evolution of London Satellite Exchange and its initiative to balance Media and Enterprise business with contrasting Government contracts. Future demand is expected to grow dramatically as the market expands with developments of UAVs and aircraft communications. EADS SPACE Services will be a minority shareholder of London Satellite Exchange, enabling the Company to continue to operate as a standalone entity. London Satellite Exchange is an expert satellite capacity procurement and management company, serving Media, Enterprise and Government clients across Europe and North America. London Satellite Exchange is headquartered in London, and runs a technical support office in Toulouse, France. Related Links EADS Space London Satellite Exchange
Europes Satellite Industry Braced For Major Shake-Up
Paris (AFP) Mar 31, 2006European industrial groups EADS, Thales ' Alcatel, ' US telecom equipment company Lucent were involved in complex talks on Thursday which could lead to two new alliances ' a concentration of European satellite activities. A series of proposed deals could lead to a concentration of Europe's satellite united within Thales, the biggest French maker of military electronics. |
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