commiss decis septemb declar concentr compat common market function eea agreement case comp boe hugh notifi document number english text authent text eea relev ec commiss european commun regard treati establish european commun regard agreement european econom area articl thereof regard council regul eec decemb control concentr undertak amend regul ec articl thereof regard commiss decis initi proceed case regard opinion advisori committe concentr april commiss receiv notif pursuant articl regul eec merger regul boe compani quot boe quot quot notifi parti quot acquir control mean articl merger regul satellit prime contract equip busi hugh electron corpor hugh decis date commiss found notifi oper rais doubt compat common market initi proceed pursuant articl merger regul articl eea agreement parti boe delawar corpor oper field commerci aircraft defenc space industri includ product launch satellit boe satellit busi involv primarili manufactur global posit system gp navig satellit unit state depart defenc boe satellit launch servic commerci custom worldwid unit state govern wholli own delta programm boe minor sharehold interest launch servic provid name sea launch sea launch joint ventur start oper hugh base subsidiari gener motor activ satellit base servic includ commun servic pai tv satellit manufactur hugh satellit prime contract equip busi consist hugh space commun compani hsc spectrolab spectrolab hugh electron dynam hed hsc design manufactur commun satellit commerci custom worldwid depart defenc nasa spectrolab hed produc compon primarili satellit solar cell solar panel travel wave tube batteri ii oper januari boe hugh hsc enter stock purchas agreement boe acquir outstand share hsc outstand share spectrolab asset hed issu outstand share common stock ico global commun hold held hugh issu outstand share common stock thuraya satellit telecommun privat joint stock held hugh addit share hugh group research joint ventur raytheon hrl transfer boe consent raytheon obtain hugh boe intend form joint ventur enabl boe benefit research develop activ hrl hugh group retain ownership busi hugh network system panamsat directv light forego propos transact constitut concentr mean articl merger regul iii commun dimens notifi parti consid present transact commun dimens fall jurisdict commiss hsc meet eea turnov threshold laid merger regul notifi parti hsc commun wide turnov amount eur million eur million hsc signific turnov approxim eur million ico global commun hold ico ico establish provid global mobil person commun servic satellit ico compani file chapter protect procedur compani face bankruptci august recent reorganis boe submit hsc consid exce eea turnov threshold sale ico includ eea turnov ico regist cayman island manag london ico commun compani decis determin propos transact commun dimens hsc turnov ico alloc eea transact fall merger regul notifi parti maintain hsc turnov ico alloc cayman island basi commiss request inform ico repli februari appear ico form result project establish inmarsat intern organis base london uk list compani offer worldwid data voic commun servic satellit base telecommun network purpos ico incorpor england wale compani subsequ liquid asset transfer cayman island compani chang bermuda compani primarili made tax purpos alter manag structur compani ico formal state princip place busi london ico dai dai manag carri ico personnel locat remaind spread locat world light forego appear formal speak parti correct claim ico cayman island precis bermuda island regist compani econom speak ico unit kingdom base compani calcul turnov purpos merger regul econom realiti situat account paragraph commiss notic calcul turnov state quot set rule calcul turnov design ensur result figur true represent econom realiti quot case hsc turnov ico alloc unit kingdom appear satellit contract hsc ico formal cayman island compani final negoti ico london staff import modif contract negoti london account place transact realiti carri competit hsc satellit prime contractor place point unit kingdom guidelin paragraph notic calcul turnov hsc turnov ico alloc unit kingdom includ eea turnov boe hsc combin aggreg worldwid turnov eur million eur million boe eur million hugh aggreg commun wide turnov excess eur million eur million boe eur million hugh undertak concern achiev third aggreg commun wide turnov member state notifi oper commun dimens mean articl merger regul iv compat common market merg entiti activ manufactur satellit equip provis satellit launch servic decis commiss identifi doubt oper creat strengthen domin posit hsc market commerci geo commun satellit creat domin posit market commerci satellit launch result detail investig carri commiss demonstr reason section competit concern market satellit relev product market satellit complex spacecraft orbit revolv celesti bodi satellit applic commun navig observ scientif purpos civilian militari custom notifi parti submit satellit product market distinguish basi characterist type custom ii satellit orbit boe consid civil satellit sold commerci custom civil satellit sold govern militari satellit constitut distinct product market govern satellit belong product market commerci satellit typic specialis product contrast commerci satellit deriv previou satellit differ creat condit competit commerci satellit govern satellit competit commerci arena focuss quot mass product techniqu quot competit govern market base higher degre specialis custom involv militari satellit form specif product market uniqu rigor equip requir result tighter product specif tougher test programm specialis compon satellit boe submit geosynchron orbit geo satellit geosynchron orbit ngso low earth orbit leo medium earth orbit meo satellit belong product market demand side perspect type orbit distinct advantag disadvantag make type inher suit closer earth make leo satellit high resolut sens suppli side time prove technic capabl build satellit orbit year geo satellit expens usd million geo satellit compar usd million leo satellit complex heavi long last ngso satellit previou decis commiss primarili segment satellit sector applic establish distinct commun possibl navig satellit hand observ scientif satellit hand differ technolog skill requir applic commiss suggest distinct product market militari satellit civil satellit essenti condit competit militari civil applic segment orbit type account distinct custom type commerci oper govern account albeit purpos geograph market definit result commiss enquiri gener confirm satellit commun navig observ scientif purpos belong distinct product market condit competit commerci satellit civil govern satellit militari satellit distinct made geo ngso satellit segment relev case commun satellit observ scientif satellit observ scientif satellit ngso view specif observ scientif satellit exist design past experi orbit type import quot mass produc quot commun product appear parti estim commerci geo satellit commun satellit commerci ngso satellit commun satellit commerci satellit segment applic commun navig observ scientif satellit affect competit assess propos concentr purpos case delin relev product market satellit altern market definit consid effect competit significantli imped eea substanti part area relev geograph market notifi parti submit market commerci satellit worldwid line previou commiss decis broadli confirm result commiss enquiri boe submit geograph market govern civil militari satellit nation region astrium decis commiss conclud western european market satellit procur space agenc area institut satellit primarili purchas europan space agenc esa procur subject geograph quot just retour quot principl commiss nation market institut satellit member state nation space agenc appli similar procur procedur final commiss suggest worldwid market militari satellit procur competit process involv prime contractor commun unit state appear remain nation market member state satellit procur domest prime contractor purpos case delin geograph market govern civil militari satellit geograph market definit consid effect competit significantli imped eea substanti part area competit assess hsc boe oper satellit prime contractor oper lead direct overlap parti hsc activ commerci area hsc boe suppli govern geo ngso satellit european custom addit note satellit boe hsc applic commun hsc navig boe size orbit geo meo satellit hsc leo satellit boe context notifi parti maintain horizont affect market hsc market share commerci commun satellit examin addit boe satellit busi strengthen hsc present strong posit market commerci geo satellit market characterist commerci geo commun satellit larg satellit half geo payload exce lb geosynchron orbit support servic telephoni data transmiss broadcast cabl televis direct broadcast servic demand gener commerci satellit oper larg intern institut intelsat inmarsat privat compani provid end servic leas satellit capac servic oper televis broadcast corpor telecommun compani appear commiss investig satellit procur intern competit bid procedur involv satellit prime contractor hsc space system loral ss loral lockhe martin alcatel space industri alcatel astrium view consider loss revenu million dollar dai caus satellit failur appear select satellit prime contractor primarili base proven reliabl price satellit durabl manufactur lead time plai import role view advent smaller ngso satellit constel offer commun servic mobil telephoni page data transmiss remot messag fill spot orbit slot geo satellit geo satellit market expect evolv direct level reduct number satellit order ii increas satellit averag mass power iii focu broadband servic econom support smaller satellit market player geo commun satellit primarili offer satellit prime contractor unit state europ hsc ss loral lockhe martin alcatel astrium produc manufactur geo ngso commun satellit govern commerci custom base averag commerci geo commun satellit order hsc market share lockhe martin alcatel ss loral astrium impact oper decis commiss found indic hsc market share underestim actual posit market parti hsc benefit number competit advantag satellit prime contractor primarili reput excel reliabl superior competitor lower cost due higher sale volum commerci militari sector appear hsc success limit fact belong hugh group vertic integr downstream sector satellit oper panamsat directv hugh network system hsc view major supplier major competitor custom intern document parti suggest led signific proport satellit oper purchas hsc consid hsc competit posit success rate bid contract parti explicitli view hsc domin posit commerci geo commun satellit market absenc overlap boe hsc satellit market commiss found indic oper strengthen hsc market posit conclud elimin link hsc hugh group enabl hsc address market lead hsc win market share possibl success rate satellit prime contractor procur satellit equip solar cell batteri cell travel wave tube amplifi hugh spectrolab hed context parti express concern propos transact equip concern procur boe satellit reduc capac parti extent weaken regard hsc light commiss consid oper enlarg gap hsc competitor view appar presenc economi scale satellit manufactur due fact amortis sunk cost account signific share satellit cost fear creat strengthen domin posit hsc geo satellit market result commiss detail investig oper creat strengthen domin posit note satellit market bid market condit competit determin presenc credibl altern hsc product context market posit lockhe martin ss loral alcatel hsc remain subject competit larg credibl prime contractor appear result commiss investig hsc alleg competit advantag overestim instanc custom view hsc satellit reliabl satellit prime contractor number parti hsc satellit histor enjoi superior reput excel reliabl experienc number failur recent year similarli custom hsc substanti cost advantag competitor final take account main evalu criteria custom hsc consid offer major case presenc credibl altern hsc satellit confirm fact hsc won satellit order begin light forego conclud hsc domin posit commerci geo satellit market indic propos concentr boe purchas spectrolab hed reduc supplier incent suppli solar cell batteri cell travel wave tube amplifi prime contractor clear travel wave tube amplifi boe purchas product true solar cell batteri cell hsc substanti overcapac equip concern fill take account boe potenti demand boe purchas solar cell spectrolab bui travel wave tube amplifi solar cell batteri cell essenti standardis product competit procur altern sourc suppli thirdli includ largest prime contractor purchas equip hsc reduct hsc suppli parti creat competit concern commiss investig show hugh ownership satellit oper panamsat directv hugh network system fact hsc view competitor supplier parti satellit oper lead custom refus procur satellit hsc oper substanti bring busi hsc satellit substanti creat opportun hsc appear sever link hsc hugh satellit oper compani panamsat directv hugh network system transact make satellit oper open prime contractor purchas hugh satellit compani repres approxim hsc satellit order propos oper substanti weaken hsc competit posit strengthen light forego conclud oper creat strengthen domin posit satellit market result effect competit significantli imped eea substanti part area launch servic relev product market launch vehicl deliv satellit space orbit servic involv launch satellit orbit refer satellit launch servic gener type launcher distinguish expend launch vehicl consum launch process partial fulli reusabl launcher practic launch servic conduct exclus expend launch vehicl expend launch vehicl categoris product group depend payload mass launcher deliv orbit boe submit leo meo satellit launch wide rang launch vehicl includ larger smaller launcher intermedi heavi geo satellit mass excess pound approxim kg launch larger launch vehicl hereinaft refer heavi lift launcher boe suggest product market market launch servic compris satellit launch quot nest quot market intermedi heavi geo satellit launch servic perform heavi lift launcher commiss enquiri broadli support view heavi lift launcher part specif product market capabl launch larger satellit geo line conclus commiss previou decis suggest segment launch servic sector size satellit launch capabl launcher purpos product market definit appear contradict boe propos market definit accept intermedi heavi geo satellit launch heavi lift launcher launch intermedi heavi geo satellit substitut launch servic includ broader product market context product market compris satellit launch consist approach consist product market market launch servic satellit intermedi heavi geo satellit market intermedi heavi geo satellit launch servic parti express critic notifi parti propos product market definit intermedi heavi geo satellit launch servic contrari boe propos product market segment base satellit size orbit launch vehicl categori parti servic offer heavi lift launch vehicl substitut offer launch vehicl size orbit satellit concern instanc ngso satellit capabl launch larger launch vehicl case quot nest quot product market refer launch servic offer larg intermedi launch vehicl altern market compris satellit launch perform heavi lift launcher broader scope larg intermedi geo satellit launch servic propos boe includ ngso satellit smaller geo satellit launch perform heavi lift launcher altern market definit advantag provid accur pictur competit stanc launcher includ launch perform launcher hand heavi lift launch vehicl competit smaller vehicl smaller satellit launch demonstr parti accept boe propos specif product market intermedi heavi geo satellit launch servic criticis divid line intermedi heavi geo satellit lb suggest strict limit quot small quot quot larg quot satellit borderlin defin specif purpos exclud boe delta ii launcher nest product market doubt select borderlin effect competit assess averag mass geo satellit lb rise geo satellit fall intermedi heavi categori purpos decis delin relev product market launch servic altern market definit consid effect competit significantli imped eea substanti part area relev geograph market boe submit govern commerci launch belong geograph market geograph market launch servic worldwid case commerci applic nation region case govern civil militari launch differ due fact case satellit govern tend give strong prefer nation region launch servic provid applic line astrolink decis commiss conclud commerci launch distinguish captiv militari government launch ordinarili open competit vehicl similar definit broadli confirm result commiss investig competit assess boe activ launch servic oper delta rang launcher delta ii delta iii delta iv delta ii launcher report commerci launch vehicl longest heritag highest number flight enjoi excel reput reliabl limit lift capac lb insuffici commerci geo satellit mission delta iii futur delta iv support higher payload capac delta iii handicap success flight launch delta iv develop stage flown date boe stake sea launch multin partnership russian compani rsc energia norwegian base kvaerner maritim ukrainian compani yuzhnoy po yuzhmash sea launch oper ukrainian built zenit vehicl block dm upper stage manufactur energia launch marin platform travel california equatori water sea launch launch march reliabl question failur flight boe submit interest sea launch confer control sea launch ground common market manag delta sea launch programm appear boe veto right number strateg decis sea launch includ amend busi plan requir unanim partner appoint offic contract parti custom major supplier requir major addit boe nomin sea launch offic presid gener manag vice presid corpor affair secretari vice presid launch segment conclud boe joint control sea launch hsc activ launch servic paragraph largest supplier commerci geo satellit deliv orbit launch vehicl examin combin hsc boe posit complementari market creat strengthen domin posit launch servic investig carri commiss confirm custom attach great deal import select launch vehicl eventu send satellit space reliabl proven perform import criteria ey custom judg rate potenti launch servic oper result custom survei price account custom make final choic custom secur launch paramount reason readi pai order avoid failur harm compani financi commerci eventu size launch servic provid critic factor base satellit custom make final decis market characterist procur process launch servic purchas separ satellit concern type situat deliveri ground quot dog quot satellit oper place contract contract satellit prime contractor suppli satellit contract launch servic oper provis launch servic recent year satellit prime contractor increasingli offer custom increasingli accept request type contract deliveri orbit dio type situat custom order complet packag satellit manufactur term singl contract requir suppli satellit launch servic dio provid bear respons arrang satellit launch advantag dio procur simplifi relationship prime contractor dio contract respons satellit deliveri launch transfer satellit prime contractor dio procur avoid custom deal number risk delai satellit launcher interfac compat issu link interrelationship satellit launch servic contract convers dio contract reduc custom visibl contract progress choic perform satellit prime contractor includ launch oper custom dio procur expens dog result dio primarili chosen smaller custom lack intern resourc manag dog process procur process select launch servic oper carri intern competit bid procedur involv main launch servic oper worldwid delai failur lead consider loss revenu million dollar dai satellit oper insur cover risk appear commiss investig select launch vehicl primarili base reliabl price launch schedul flexibl plai import role integr satellit launch vehicl order successfulli launch space compat satellit chosen launch vehicl ensur achiev case case basi secur outcom previou launch compat agreement context dog procur custom gener send request propos satellit prime contractor launch servic oper request parallel phase depend custom stage custom gener select satellit manufactur pre select launch vehicl gener select satellit made month launch date satellit contract sign final select launch servic supplier context order option open ultim select launch vehicl custom requir satellit manufactur maintain compat launch vehicl identifi contract award principl satellit made compat launcher revers launcher satellit manufactur cooper order satellit integr select launch vehicl context broad varieti test analys carri satellit manufactur launcher ensur inter alia mechan thermal electr radio frequenc electromagnet compat satellit launcher environ task perform case case basi individu satellit satellit manufactur design commerci commun satellit limit number quot standard platform quot provid gener compat famili satellit secur broader quot compat agreement quot satellit manufactur launch servic provid cover famili satellit practic satellit manufactur launch servic provid agre gener quot envelop quot platform compat launch vehicl concern ensur consid satellit fall platform gener compat launch vehicl concern compat agreement reduc risk workload time requir integr specif satellit belong broader famili launch vehicl closer anticip launch expens make technic accommod launch vehicl subject contract arrang parti custom liabl pai termin fee increas amount launch date draw closer custom answer commiss investig argu complet freedom chang element chosen combin custom gener confirm earlier modif brought programm parti involv excess capac gener consid commerci launch servic industri suffer excess capac situat appear result invest launch vehicl capac place half optimist anticip launch market volum gener expect develop ngso satellit constel result soar demand launch servic instanc boe forecast satellit launch demand met exist capac launch servic oper activ invest facil launch vehicl system launch iridium ico met financi difficulti project satellit constel substanti reduc delai launch forecast conserv instanc autumn revis predict launch servic brought satellit consider differ initi forecast actual situat combin import invest facil launch vehicl result situat substanti excess capac launch servic industri instanc combin capac main launch vehicl delta atla arian expect exce unit year potenti current commerci market volum take account presenc launch vehicl proton sea launch great wall china starsem presenc addit launch govern satellit figur suggest capac high total demand industri excess capac affect cost structur launch servic oper lower expect actual sale volum approach oper break point high level fix cost characteris industri requir signific number launch order amortis make launch provid depend win commerci launch contract individu contract import price competit lose contract amount loss annual sale volum launch servic provid jeopardis profit market player market leader commerci launch servic tradition arianespac intern launch servic il repres commerci intermedi heavi geo satellit launch year boe delta iii launch fail great wall sea launch account remain launch il joint ventur lockhe martin krunichev respons market atla proton rang launch vehicl custom govern atla launcher design built lockhe martin atla rang includ famili atla ii launcher atla iii vehicl made commerci launch newer launch vehicl call atla develop proton vehicl design develop manufactur russian firm khrunichev energia arianespac creat commerci space transport compani respons product market launch arian launch vehicl design develop programm auspic european space agenc arianespac held sharehold european countri current rang vehicl offer includ arian iv launcher recent arian launcher newer heavier version arian develop boe sea launch hold limit posit satellit launch servic market due seri factor essenti stem fact boe main launcher delta ii capabl launch larg satellit space reliabl boe sea launch larger launcher remain doubt recent failur custom confirm situat respons investig conduct commiss delta ii gener consid reliabl launcher proven reliabl boe launch vehicl sever downrat custom boe sea launch collect account commerci launch lockhe martin arianespac market intermedi heavi geo satellit launch servic boe posit lower arianespac lockhe martin appar drawback affect boe present market posit clear boe major contend launch servic year success delta iii sea launch latest flight boe launch vehicl delta iv due start oper expect world largest launcher possibl establish reput cost effect launcher exist contract guarante launch unit state govern boe capac launch provid commerci satellit reflect fact delta iii sea launch repres commerci launch order heavi lift launcher compar arianespac il launcher japan vehicl china long march programm deliv larg geo satellit orbit vehicl constitut credibl altern market player launcher sever disadvantag launch failur long march suffer technolog export difficulti launch base satellit restrict aris satellit export regim appear main launcher capabl influenc function market launch commerci intermedi heavi geo satellit boe sea launch il arianespac impact oper absenc overlap boe hsc launch servic commiss identifi decis initi proceed case potenti advers effect result propos transact satellit manufactur launch servic complementari good satellit oper satellit orbit hsc strong posit market commerci geo satellit fear merg entiti induc satellit oper obtain launch servic boe launcher give boe domin posit market larger satellit launch potenti advers effect transact identifi satellit maker bid custom mass margin oper hsc design mass margin optim fit payload capac boe launcher make offer launch servic oper competit boe dio contract give satellit prime contractor flexibl launch vehicl merger hsc satellit launch boe sea launch vehicl launch satellit requir prior integr work satellit launcher concern integr perform case case basi appear develop gener compat agreement launcher satellit famili propos transact hsc refus develop compat agreement increas cost time requir integr hsc satellit launcher oper parti hsc refus provid parti launch servic oper inform relat satellit satellit updat launch servic oper easili make launcher compat satellit satellit manufactur hsc receiv competit sensit inform relat launch vehicl satellit integr inform protect confidenti claus hsc detriment parti launch servic oper longer term hsc design gener spacecraft fit boe launcher launcher instanc hsc impos uniqu proprietari interfac satellit favour boe launcher hsc design satellit launch longer satellit effect identifi behaviour appear behaviour paragraph theoret lead hsc custom favour boe launch vehicl undermin hsc competit satellit market instanc make hsc satellit compat launch vehicl increas cost delai integr hsc satellit parti launch vehicl disadvantag hsc respect custom requir satellit integr launch vehicl context examin merg entiti gain addit launch servic contract lose lost satellit contract engag behaviour effect commiss conduct extens custom enquiri order check concern rais parti confirm realiti futur major small satellit custom contact invit respond percept competit situat market effect propos transact market custom busi investig order determin impact competit behaviour player activ defin market paragraph result commiss investig show custom devot lot attent care select launch vehicl reliabl paramount import select launch servic oper risk incur custom case launch failur case custom lose satellit insur revenu relat oper satellit satellit produc launch insur appar cover instanc custom launch failur delai cost usd million dai term lost revenu context custom accept launch launch vehicl suffici reliabl confirm fact failur boe delta iii launcher find commerci custom flight carri dummi payload gener custom reduc launch risk minimum level requir satellit compat seri launcher enabl switch launcher case doubt reliabl select vehicl specif claus contract indic instanc satellit payload launch failur launcher launcher achiev success rate period deliveri space satellit concern custom fleet satellit spread launch number vehicl requir switch launcher add launcher conveni result commiss investig confirm custom accept choic launcher impos attempt hsc design satellit compat delta sea launch meet resist custom confirm profit hsc persuad custom switch boe launcher higher integr cost launcher custom combin hsc satellit prefer launch expens combin choos prefer launcher satellit pai reason select combin choos cheapest combin reliabl launcher satellit context make integr hsc satellit boe launcher difficult impact custom choic make launcher combin hsc satellit expens satellit weaken hsc competit posit satellit note custom respond commiss investig retain capabl chang launcher cost chang increas launch date approach view loss incur custom event launch failur conclud custom make provis dissatisfi reliabl servic pre select launcher custom claim command step launch vehicl select process case satellit manufactur influenc final choic limit possibl parti lure custom prefer choic note dio custom lower capabl independ select launch servic oper dog custom indic dio custom choos dio combin satellit manufactur hsc experi show dio custom includ contractu provis chang launcher conveni true past custom procur dio servic hsc launch launcher hsc bulk bui agreement appear contract concern establish time view high market volum anticip fear exist launch capac insuffici meet demand shortag launch servic led hsc enter bulk bui agreement launch servic oper secur capac made dio offer base agreement cheaper safer contract dio contract hsc base launcher hsc bulk bui agreement indic situat reproduc recent failur made custom reluct contract launcher paragraph launch servic industri suffer substanti excess capac price spot market lower price previous obtain hsc bulk bui agreement launcher avail longer real concern final note risk relat launch failur higher smaller satellit oper satellit risk bankruptci event launch failur larg satellit oper satellit orbit suggest larger custom higher bui power smaller custom smaller custom stronger incent carefulli select launch servic oper cautiou select launch vehicl contract launch servic light forego appear short term limit scope hsc induc custom satellit launch unproven launch vehicl delta iii sea launch longer term high probabl boe current problem reliabl launch servic suppli resolv boe sea launch consid suitabl launcher satellit oper success latest flight sea launch delta iii case appear merg entiti posit lead substanti number custom switch boe sea launch vehicl initi intent fact launch servic competitor express concern admit absenc substanti market power satellit market effect identifi paragraph profit place addit commiss assess satellit market hsc domin posit market confirm past experi lockhe martin engag satellit prime contract launch servic oper indic behav manner paragraph advantag conclud parti engag behaviour essenti risk lose satellit sale effect insuffici overturn current market situat characteris strong posit il arianespac confirm fact il integr satellit launch reproduc behaviour parti effect identifi suffici creat strengthen domin posit snowbal effect parti small number launch won lost dramat market posit import fix cost launch servic busi current excess capac sector parti argu oper close break capac loss make unprofit context take account absenc expect signific growth market term volum parti argu possibl propos transact depriv contract consider weaken competit posit increas cost contrast effect strengthen boe posit lead creation domin posit boe market launch servic short argument parti loss limit number launch suffici spur snowbal effect devast consequ cost structur convers huge benefici consequ boe undermin competit posit enhanc boe extent creat domin posit support theori parti insist rel import amortis fix cost high usd million compar averag price launch usd million parti limit number satellit launch take place year theori appear base number question assumpt appear competit launch servic sector primarili base price reliabl price launch servic differ significantli launch servic oper context limit increas cost devast consequ put forward parti possibl snowbal effect identifi parti crucial depend cost structur parti launch servic oper remain current posit appear competitor essenti il arianespac engag cost reduct programm lead reduct capac increas launcher competit thirdli identifi effect limit commerci sale undertak concern propos transact commerci launch repres launch loss competit commerci market offset contract govern side true unit state govern launch account substanti proport lockhe martin boe launch busi context launch servic industri consid critic sector govern concern substanti contribut develop launcher highli lockhe martin arianespac competit govern concern step restor compani competit fourthli highli question launch servic sector monopolis parti hsc behav manner paragraph price differ win bid lose bid lower amortis fix cost appear launch vehicl supplier cost competit cut price order salvag volum recoup part fix cost accept lose contract incur higher loss outcom greater price competit market monopolis view govern commit respect space industri share govern fund develop launcher sign elimin boe rival effect competitor creat domin posit boe light forego appear notifi oper creat strengthen domin posit market launch servic result effect competit significantli imped eea substanti part area commiss note juli parti offer commit ensur public inform rel launcher satellit hsc launcher boe sea launch receiv provid disclos boe sea launch hsc hsc make inform relat satellit launch servic oper time make inform boe sea launch hsc cooper launch servic oper boe sea launch integr satellit launch vehicl discrimin favour boe sea launch quot prefer supplier quot relationship merg entiti hugh conclus light forego propos oper creat strengthen domin posit result effect competit significantli imped common market substanti part oper declar compat common market pursuant articl merger regul function eea agreement adopt decis articl notifi oper boe compani acquir control satellit prime contract equip busi hugh electron corpor consist outstand share hugh space commun compani hsc outstand share spectrolab asset hugh electron dynam hed minor stake held hugh ico global commun hold thuraya satellit telecommun privat joint stock declar compat common market function eea agreement articl decis address boe compani east margin south seattl usa attent mr theodor collin senior vice presid law contract brussel septemb commiss mario monti member commiss oj correct version oj oj oj part text edit ensur confidenti inform disclos part enclos squar bracket mark asterisk oj turnov calcul accord articl merger regul commiss notic calcul turnov oj extent figur includ turnov period januari calcul basi averag ecu exchang rate translat eur basi case comp mm dasa astrium commiss decis march publish case iv matra marconi space british aerospac system paragraph commiss decis august case comp mm dasa astrium case comp mm dasa astrium purpos case western europ mean eea switzerland includ member state european space agenc case iv astrolink commiss decis june case comp mm dasa astrium instanc arian launcher develop context esa programm develop delta iv atla launcher appear substanti fund unit state govern evolv expend launch vehicl programm