commiss decis decemb relat proceed pursuant articl ec treati articl eea agreement iv intern privat satellit partner english italian text authent text eea relev ec commiss european commun regard treati establish european commun regard agreement european econom area regard council regul februari regul implement articl treati amend act access spain portug articl thereof regard applic neg clearanc notif exempt submit pursuant articl regul june parti concern regard request made parti februari extend applic notif articl eea agreement regard summari applic notif publish pursuant articl regul consult advisori committe restrict practic domin posit fact introduct june agreement relat creation compani notifi commiss compani intern privat satellit partner hereinaft refer ipsp creat form limit partnership organ unit state law form provid intern busi telecommun servic busi europ north america satellit system stop shop basi offer bulk transmiss capac parti extent capac satellit fulli util ipsp partner enter forc eea agreement parti request commiss februari extend notif cover articl eea agreement request commiss start relev cooper procedur efta surveil author parti partner orion satellit corpor hereinaft refer orionsat compani organ law state delawar creat ultim parent compani orion network system serv gener partner ipsp hold unit state feder commun commiss hereinaft refer fcc licenc construct launch oper ipsp satellit broad author manag control ipsp develop oper orion network system limit partner ipsp telecommun facil servic point point transmiss servic subleas capac orionsat gener partner interest partnership ad addit held orion network system british aerospac commun limit partner ipsp belong british aerospac group hereinaft refer bae compani form specif purpos invest ipsp hold interest ipsp british aerospac group engag design manufactur civil militari aircraft guid weapon system satellit system payload launch vehicl equip motor vehicl prime contractor ipsp satellit total turnov bae group million ecu million dev satellit commun limit partner ipsp hold interest incorpor specif ultim parent compani dev purpos invest ipsp dev group import supplier satellit payload subsystem commun space scienc remot sens applic gener dynam commerci launch servic limit partner ipsp hold interest spacecraft launch servic provid servic ipsp satellit belong gener dynam engag manufactur sale weapon system platform space transport build materi consolid turnov gener dynam million ecu million kingston commun intern hereinaft refer kingston limit partner ipsp hold interest incorpor specif parent compani kingston commun hull plc purpos invest ipsp kingston commun hull plc unit kingdom compani licens oper public switch telephon network citi hull surround area kingston commun hull plc bae incorpor jointli control joint ventur kingston satellit servic intend act agent parent compani discuss ipsp offer ipsp servic total turnov kingston group million ecu million mcn sat unit state corpor form primari purpos hold invest french group matra hachett ipsp hold interest matra hachett group activ aerospac manufactur type satellit matra marconi space defenc telecommun cad cam equip automobil transport publish broadcast movi product advertis turnov ff million ecu million stet società finanziaria telefonica azioni italian compani major sharehold istituto la ricostruzion industrial hereinaft refer iri largest italian state compani stet institut function iri hold compani telecommun sector guarante coordin financi commerci aspect provis telecommun servic manufactur product network instal stet limit partner hold interest ipsp stet exclus respons promot sale ipsp satellit capac intern busi telecommun servic itali eastern europ tran atlant satellit subsidiari japanes compani nissho iwai form purpos invest ipsp hold interest addit work subcontractor bae compon ipsp satellit respect obtain turnov million ecu million year end march nissho iwai gener trade compani activ trade import export type domest japanes foreign merchandis turnov year end march ecu million nissho iwai group substanti interest number compani telecommun busi particip capit satellit japan corpor japanes satellit oper main busi sell bulk transpond capac japan compani merg japanes compani jc sat merger clear commiss year limit partnership ipsp organ provid intern busi telecommun servic intern corpor network bulk data transfer data collect transport fax electron document distribut network servic satellit small apertur termin hereinaft refer vsat multin compani stop shop end end basi cover north america europ offer transmiss capac satellit extent capac fulli util ipsp partner close ipsp notifi structur start orionsat file applic fcc licenc oper intern satellit system grant licenc orionsat initi process consult intelsat consult last year finish orionsat enter contract bae prime contractor construct launch satellit system time close partnership end orionsat held discuss negoti prospect partner negoti loan financ packag intern consortium bank term fcc licenc ipsp custom allow interconnect ipsp satellit facil switch telephon network purpos provid telecommun servic decemb fcc adopt polici pursuant separ satellit system ipsp appli carri kbp equival circuit public switch traffic servic facil ipsp intend build launch oper high power ku band telecommun satellit posit orbit posit longitud satellit built eurostar platform develop jointli bae matra marconi space joint ventur call satcom intern transpond mhz bandwidth transpond mhz bandwidth make mhz usabl commun capac satellit geograph reach footprint satellit cover north america eea portion central eastern europ expect satellit oper decemb design life year prior launch oper satellit ipsp provid servic reli leas facil addit ipsp oper track telemetri command facil built control satellit back addit facil built itali custom ipsp instal vsat premis order access servic financi contribut complex financi arrang support ipsp partner invest total million equiti distribut respect interest ipsp orionsat contribut gener partner amount million made fcc licenc contract right tangibl intang asset addit obtain senior debt facil million satellit syndic intern bank ipsp partner commit addit fund amount million view guarante ipsp suffici level util satellit capac limit partner agre leas capac satellit total amount transpond capac leas limit partner custom ipsp final limit partner enter addit conting leas capac contract ipsp requir make addit contribut ipsp exchang addit transmiss capac transpond case neg cash flow ipsp servic senior debt central manag integr oper ipsp creat provid servic custom basi fulli interconnect network enabl provis uniform servic uniform price gener partner exclus respons manag control ipsp subject limit right review approv limit partner broad author carri develop oper market promot ipsp busi control orionsat requir fcc order licenc orionsat hold transfer ipsp market distribut ipsp market distribut servic assist number local market oper compani nomin ipsp repres agent distributor stet exclus distributor itali exclus repres agent group countri collect refer agreement eastern europ austria hungari poland romania bulgaria malta ussr czechoslovakia yugoslavia agent distributor work exclus basi limit partner member state licenc provid uplink servic ipsp work nation telecommun oper hereinaft refer to act agent situat expect commun liber satellit servic effect implement relev market product market ipsp compet market intern privat busi telecommun servic offer bulk satellit transmiss capac intern busi privat telecommun servic servic kind ipsp offer custom intend address grow multin compani advanc end end commun geograph dispers locat world custom supplier raw materi intermedi product servic includ voic call high speed fax data storag transport video conferenc servic includ emerg market intern global ad servic larg corpor intens user advanc telecommun servic segment telecommun market biggest potenti growth year take full advantag current ongo process liber telecommun grow converg telecommun electron softwar signific allianc telecommun field announc nowadai includ provis enter ad segment step broader allianc provis advanc ad servic world biggest corpor servic provid custom terrestri facil establish physic link mean coaxial optic fibr cabl satellit facil vsat wide accept satellit recommend custom locat remot territori area poor terrestri infrastructur allianc announc includ provis servic satellit part basket servic provid cabl ipsp ventur offer servic satellit particular ipsp contrari allianc announc form incumb to ipsp partner stet kingston privat compani previous activ telecommun field parti lack privat initi due fact compani face signific barrier entri aris remain regul telecommun servic countri notwithstand substanti take place mean ipsp oper exclus right exist appli licenc provid uplink downlink servic total liber satellit earth segment achiev addit ipsp coordin intern satellit organ provid servic separ satellit system size invest enter market entrant acquir transmiss facil respect cost construct test launch ipsp satellit budget minimum cost million difficulti cost length time establish busi suffici size reput includ build brand familiar custom base market offer bulk satellit transmiss capac market secondari import ipsp parti declar activ case demand ipsp servic expect suppli space segment capac hand intern satellit organ hereinaft refer iso intelsat eutelsat inmarsat ultim owner consider number telecommun satellit orbit intelsat instanc oper geostationari satellit similar structur organ implement number agreement sign sovereign state repres govern design public privat telecommun oper signatori provid space segment requir intern public telecommun servic area world intelsat europ eutelsat improv maritim aeronaut commun inmarsat iso respect convent direct access satellit segment capac earth station termin facil reserv signatori terrestri network privat satellit oper competit signatori compel obtain capac situat place signatori strong posit reinforc strong posit telecommun market addit owner separ satellit system ipsp undergo consult process intelsat eutelsat design ensur separ satellit system signific econom harm iso system ii technic coordin process relev iso ensur technic compat facil oper frequenc spectrum orbit space exist plan iso space segment date consult process carri ipsp intelsat sweden denmark germani belgium luxembourg itali ireland austria unit state unit kingdom grant land right ipsp repres addit ipsp initi consult process eutelsat support unit kingdom itali ireland geograph market ipsp activ primarili area cover geograph reach satellit north america eea portion central eastern europ consid geograph market cover agreement area extend terrestri link network cover custom premis locat footprint satellit posit ipsp market ipsp estim total privat line servic market repres approxim ecu billion privat corpor commun transatlant intra european servic account ecu billion ipsp project anticip figur grow ecu billion ipsp account ecu market share notifi agreement list agreement ipsp present form result lengthi complex negoti current partner complex reflect number agreement includ notif intend cover organ financ ipsp satellit arrang ipsp obtain assist partner market amend restat agreement limit partnership relat amend set basic principl ipsp organ oper commun satellit capac agreement conting commun satellit capac agreement conclud ipsp limit partner affili thereof enter year commit substanti capac ipsp satellit system intern resal parti ipsp intend ensur minim satellit capac undertaken pai addit conting capac make capit contribut case cash flow deficit occur letter agreement conclud respond requir made ipsp senior debt lender agreement principl set gener principl ipsp offer servic custom includ gener term obtain assist local market oper compani repres agent distributor ipsp amend restat prefer bidder agreement ipsp give prefer partner procur product servic extent partner bid product favour ipsp bidder servic provis distribut agreement itali ipsp stet stet long provis itali intern busi telecommun regul italian law stet provid design exclus distributor ipsp itali deregul occur provid stet compli perform criteria stet exclus promot sale ipsp servic itali refus agreement itali ipsp stet ipsp give stet refus provis bulk satellit capac custom itali servic itali agreement effect provis satellit capac itali liber repres agent agreement sale satellit capac eastern europ ipsp stet set term condit includ target met stet stet design exclus agent ipsp sale bulk satellit capac eastern europ servic provis repres agent agreement eastern europ ipsp stet stet appoint exclus repres agent ipsp eastern europ provis servic provid stet compli number perform criteria set agreement detail specif arrang provis manag structur ipsp agreement provis articl limit partnership agreement gener partner ipsp full exclus complet discret manag oper control busi affair ipsp convers limit partner prohibit take part dai dai manag ipsp expressli provid agreement articl limit partnership agreement articl agreement principl discret gener partner extend set ipsp price commerci condit notwithstand limit partner exert influenc manag ipsp perman structur creat compos committe partner plan polici review committe creat articl limit partnership agreement committe consist member nomin partner gener partner submit number action committe approv disapprov major vote import action establish price polici respect ipsp sale servic intend result sale satellit transmiss capac custom gener price lower charg limit partner sale satellit transmiss capac ipsp partner price term materi price term offer ipsp partner gener decis gener partner increas budget percentag approv busi plan ipsp servic ipsp resourc ii addit fund iii initi ipsp servic prior launch satellit technic committe articl limit partnership agreement advisori committe matter relat technolog oper ipsp satellit system transmiss network regard ipsp servic recommend technic standard equip oper articl limit partnership agreement major decis gener partner signific impact limit partner investm subject major vote includ dissolut ipsp merger consolid entiti sale materi portion ipsp asset order ensur orionsat devot full time effort manag ipsp articl limit partnership agreement gener partner prevent engag busi manag partnership prior written unanim consent limit partner addit orionsat orion network system busi interest engag busi ventur compet directli indirectli ipsp convers limit partner free compet ipsp provis servic custom remain free acquir busi interest engag busi ventur competitor ipsp limit partner thereof articl limit partnership agreement articl agreement principl favour provis agreement number provis refer favour nation ipsp warrant limit partner price term condit ipsp offer custom similar capac servic provis includ articl limit partnership agreement articl capac agreement conting capac agreement articl servic provis distribut agreement itali capac sale agreement eastern europ servic provis agreement eastern europ provis turn give ipsp compar protect servic equip obtain partner order enabl function competit cost level protect appli case contract limit partner intelsat eutelsat inmarsat domest satellit system sale satellit capac price paid limit partner articl capac agreement conting capac agreement ipsp sell leas satellit capac parti custom pro rata price mhz month limit partner agre pai ipsp abovementin agreement ipsp offer amount addit transpond capac offer custom price discount term condit ipsp satellit capac contract limit partner articl agreement principl long ipsp gener suffici posit cash flow cover senior debt servic ipsp undertak make capac limit partner contract firm commit basi respect capac agreement unabl intern call tender ipsp articl prefer bidder agreement ipsp call tender worth million limit partner suppli bid favour ipsp parti propos regard price design perform payment deliveri schedul term condit subject final round bid ipsp award contract limit partner bid achiev criteria term condit market distribut condit gener market distribut ipsp servic central plan manag implement decentr manner addit servic offer uniform price qualiti level principl implement specif arrang ipsp sole exclus control oper satellit system articl limit partnership agreement capac agreement conting capac agreement market distribut intern busi telecommun servic respons gener partner articl agreement principl establish price ipsp servic prohibit law exclus right grant countri addit sale servic central manag gener partner primarili undertaken repres agent chosen gener partner includ limit partner contract agent distributor gener partner obtain competit price term condit provid perform criteria goal agent final contract made ipsp attach agreement principl ipsp servic provid territori exclus special right exist relat provis servic ipsp servic provid custom separ contract drawn accord law applic territori conclud custom ipsp agent case nation specif arrang regard stet italian territori articl servic provis distribut agreement itali stet appoint ipsp exclus distributor itali long italian telecommun market regul italian territori deregul exclus stet convert exclus promot sale ipsp servic itali depend stet complianc perform criteria express term revenu target case stet fail step remedi failur period month ipsp permit appoint distributor italian territori exclus basi stet exclus distributor convers stet undertak promot ipsp servic italian territori except eastern european territori articl servic provis agreement spite exclus ipsp agent distributor partner italian territori deregul request provid servic itali deregul place custom locat itali purchas ipsp comprehens packag intern busi telecommun servic includ ground oper servic respect italian site ipsp principl subcontract stet purpos provid ground oper servic itali final decis stet ground oper servic li hand custom cost reason custom prefer obtain ground oper servic ipsp provid packag servic ground oper servic addit refus agreement itali provis satellit capac itali liber ipsp give stet opportun dai period provid bulk satellit capac request custom locat italian territori custom prefer acquir capac ipsp provid capac ipsp term condit agre custom case capac refer capac commit stet ipsp satellit purpos provis give stet prioriti discharg risk assum undertak commit price term leas sale satellit capac custom italian custom determin ipsp final articl servic provis distribut agreement itali ipsp undertak forward stet inquiri prospect custom receiv telecommun servic italian territori extend countri collect refer eastern europ relev agreement similar itali present case stet appoint ipsp exclus repres agent purpos offer ipsp bulk satellit capac servic exclus long countri concern regul year deregul ipsp limit partner undertak promot sale bulk satellit capac obtain ipsp satellit telecommun servic offer satellit system satelit telecommun servic provid ipsp equival ipsp servic promot stet ipsp sell bulk capac countri independ stet limit partner free time market satellit capac obtain satellit system intern busi telecommun servic provid capac ipsp satellit provid servic equival ipsp servic market stet year deregul countri concern limit partner allow offer addit bulk satellit capac obtain ipsp servic equival market stet provid nonetheless logo trade belong ipsp final person entiti purchas satellit capac ipsp free time sell capac satellit telecommun servic provid logo trade belong ipsp stet exclus right agreement continu long meet perform criteria defin agreement parti observ public pursuant articl regul made cover articl ec treati articl eea agreement comment receiv parti ii legal assess applic articl ec treati eea agreement ipsp basi argument develop partner ipsp consid actual potenti competitor relev market address ipsp order ipsp enter market facil base provid obtain number author licenc arrang financ construct launch oper satellit respect consid partner posit meet requir cooper ventur present respect ipsp gener partner orionsat author licenc fcc intelsat launch oper satellit term fcc licenc prevent gener partner releas control prior fcc approv defin kind servic ipsp allow provid recit ipsp partner hold author licenc provid intern telecommun servic countri insid footprint satellit stet kingston orionsat hold licenc offer telecommun servic stet limit itali kingston town hull surround area limit partner ultim parent compani industri compani activ segment aerospac market licenc experi requir provid commun servic compani competit basi gather experi manag intern network ipsp partner expect make invest assum substanti risk requir enter market high barrier entri substanti amount market power hand incumb to telecommun market iso satellit transmiss market advanc technolog involv substanti inher risk failur space oper broad geograph area cover amount requir bargain power custom big multin corpor make ventur riski view realist econom point view partner enter market addit market distribut principl uniform price condit territori implement market decentr manner fulfil world wide telecommun servic stop shop bill basi custom branch subsidiari dispers territori provis servic adequ guarante exist bilater arrang to facil countri mean nation price portion network separ contract custom seper bill separ set servic uniform territori involv technic featur network involv respect result combin network creat strong weakest link number servic featur thereof support perform nation network involv addit oper matter monitor qualiti correct fault provid custom servic perform separ nation to increasingli awar import market intern busi telecommun inconveni result situat overcom form consortia to offer servic case thing notifi commiss creation implement ipsp introduc competitor expect increas level competit fast grow segment telecommun market recent revers compani hold exclus right acceler pace uniform servic offer custom improv price perform impact market bulk satellit transmiss capac expect posit impor creation ipsp mean creat altern privat supplier space segment capac incumb strong iso nation system control nation to ipsp increas choic servic provid demand space segment capac conclus implement ipsp privat ventur enter evolv telecommun market fall scope articl ec treati articl eea agreement applic articl ec treati articl eea agreement contractu provis provis fall articl ec treati eea agreement fact stet nomin exclus distributor ipsp servic itali italian market regul provis reflect fact italian law stet enjoi exclus right area address ipsp absenc agreement compani distribut ipsp servic itali provis nomin stet exclus repres agent eastern europ austria countri concern ec eea provis produc appreci effect eea provis consid appreci restrict competit agreement relat italian territori exclus promot sale ipsp servic itali grant stet deregul occur appreci restrict competit ipsp servic definit intern italian custom sign contract servic agent distributor locat itali subsidiari facil itali potenti custom ipsp big corpor facil countri exclus remain liber exclus promot sale ipsp servic itali ipsp agent distributor stet free sell ipsp servic itali stet prevent deal competitor ipsp importantli ipsp expect market share market concern agreement relat austrian territori reason italian territori valid addit exclus right stet agent ipsp limit stet itali recit ipsp address directli custom limit partner market capac servic obtain satellit system servic make satellit capac obtain ipsp reason provis detail put restraint partner freedom action conclud directli relat ipsp exce creation oper ipsp requir treat competit rule ec treati eea agreement ancillari restraint competit provis ancillari refer gener partner locig consequ sole respons grant provis aim ensur gener partner devot manag ipsp busi full time basi limit partner free compet ipsp favour nation provis ancillari intend ensur ipsp treat limit partner custom ipsp equal basi favour term limit partner parti custom invest made ipsp prefer limit partner respect call tender issu ipsp prefer bidder agreement consid ancillari basi prefer limit partner natur exchang substanti amount monei invest ventur activ segment aerospac market manufactur equip kind requir ipsp note provis read give limit partner advantag price term expect produc appreci foreclosur effect affect competit posit parti event structur relev market presenc power incumb compani abus interpret provis exclud ventur succe gain presenc market address ancillari restraint assess compani creat respect ipsp conclud fall scope articl ec treati articl eea agreement provis detail adopt decis articl basi fact possess commiss ground action articl ec treati articl eea agreement respect notifi agreement relat creation intern privat satellit partner compani ipsp articl basi fact possess commiss ground action articl ec treati articl eea agreement respect competit oblig gener partner articl limit partnership agreement favour nation provis articl limit partnership agreement articl capac agreement articl conting capac agreement articl servic provis distribut agreement itali articl capac sale agreement eastern europ articl servic provis agreement eastern europ respect prefer limit partner articl prefer bidder agreement appoint stet exclus distributor ipsp itali articl servic provis distribut agreement itali appoint stet exclus repres agent ipsp articl repres agent agreement sale satellit capac eastern europ servic provis repres agent agreement eastern europ articl decis address intern privat satellit partner research boulevard suit rockvil maryland usa orion satellit corpor research boulevard suit rockvil maryland usa british aerospac commun suit park center road herndon virginia usa dev satellit commun sheldon drive cambridg ontario canada kingston commun intern limit telephon hous carr lane gb hull hu mcn sat matra aerospac jefferson davi highwai suit arlington virginia usa orion network system research boulevard suit rockvil maryland usa stet società finanziaria telefonica azioni corso italia rome tran atlant satellit nissho iwai american corpor avenu america york usa gener dynam commerci launch servic balboa avenu san diego california usa brussel decemb commiss karel van miert member commiss oj oj oj blank squar bracket busi secret delet pursuant articl regul mean text word regul deregul itali recit indent provis prevent stet engag passiv sale itali agreement appli custom locat eastern european territori custom locat requir capac number site includ site eastern european territori