EU Regulators Expected To Clear Alactel-Thales Satellite Deal

SPACEMART

by Staff Writers
Brussels (AFP) March 13, 2007
EU regulators will clear French defence electronics group Thales' plans to buy the satellite interests of French-US telecommunications equipment maker Alcatel-Lucent, sources said Tuesday.

After a six month investigation into the deal, the European Commission will conclude that that it does not threaten to stifle competition in the sector, sources close to the matter said.

The EU competition watchdog, which has until April 17 to rule on the deal, will give its green light on Wednesday March 28.

The two companies inked a deal in December for Alcatel-Lucent to transfer two stakes in satellite activities to Thales.

In return, Alcatel-Lucent's 9.46 percent stake in Thales is to grow to 20.95 percent.

Source: Agence France-Presse

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NASA Commercial Space Partners Complete Milestones

Houston TX (SPX) Feb 20, 2007
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