European Commission 28 April 2005, Commission Decision of 28/04/2005 declaring a concentration to be compatible with the common market (Case No COMP/M.3680 - ALCATEL / FINMECCANICA / ALCATEL ALENIA SPACE & TELESPAZIO) according to Council Regulation (EC) No 139/2004 (Only the English text is authentic)

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The European Commission declared the concentration between Alcatel and Finmeccanica, involving the creation of joint ventures Alcatel Alenia Space and Telespazio, compatible with the common market pursuant to Article 6(1)(b) and 6(2) of Council Regulation (EC) No 139/2004. Approval was conditioned upon the parties' commitments to grant technology licenses for command receivers, telemetry tracking and control (TTC) equipment, and radar altimeters to address horizontal competition concerns. The Commission concluded that these remedies, alongside the countervailing power of the European Space Agency, effectively eliminated serious doubts regarding market foreclosure and supra-competitive pricing.AI