Alcatel and Finmeccanica announced Jan. 28 that the two companies have signed an agreement to merge their respective space activities through the creation of two joint venture companies, to which both partners will contribute their with respective satellite industrial and service activities.
The first company will be named Alcatel Alenia Space, of which Alcatel will hold a 67 percent ownership stake and Finmeccanica will hold a 33 percent ownership. This company will concentrate on the design, development and manufacturing of space systems, satellites, payloads, instruments and associated ground systems for civilian and military applications.
The second company will be named Telespazio and its ownership stake will be opposite that of Alcatel Alenia Space. It will concentrate on operations and services for satellite solutions, including control and exploitation of space systems as well as value-added services for networking, multimedia and earth observation.
For more coverage of this announcement, including information offered by the companies at the Jan. 28 press conference, please see the Jan. 31 issue of Satellite News. For more information on subscribing to Access Intelligence’s satellite industry news and information products, please visit us on the Web at https://www.satellitetoday.com.
