Four European companies will merge defense units

Article Abstract:

DaimlerChrysler Aerospace (Germany), General Electric Co. PLC (United Kingdom), Finmeccanica SpA (Italy) and Lagardere (France) have all agreed to merge their satellite and space businesses to form a new company. The new company which has yet to be named will employ 10,000 and will have roughly $3 billion in sales. The head of the new company will be Armand Carlier, the current president of Martra Marconi Space. This is the first time four European companies have agreed to merge their defense businesses. The new company will be the third-largest satellite manufacturer in the world.

Comment:

Four European companies to merge their satellite businesses to form new company

United Kingdom, Italy, Acquisitions & mergers, Germany, Organizational history, Guided missiles and space vehicles, Communications Satellites, Guided Missile and Space Vehicle Manufacturing, Financial Holding Companies, Offices of Bank Holding Companies, Holding Offices, Mergers, acquisitions and divestments, Lagardere Groupe S.A., Finmeccanica S.p.A., DaimlerChrysler Aerospace AG, General Electric Company PLC

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France Telecom stays on top of the game

Article Abstract:

Since the deregulation of the French telecommunications market in 1998, France Telecom SA has only seen 3% of its domestic market disappear. The company posted 3.5% revenue growth to 77.9 billion francs ($13.78 billion) during the first half of 1998. France Telecom began cutting long-distance rates, expanding into new businesses, and growing beyond its home base before the deregulation began. These moves were an attempt to protect France Telecom's dominant market share. They have succeeded in maintaining the company's dominant presence in France's telecommunications market.

Comment:

Co maintains dominant position in telecom market despite deregulation

Telecommunications, Marketing procedures, Telephone Communication, Market share, Management, Telecommunications services industry, Telecommunications industry, France Telecom S.A., Strategic aspects

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Following a trend, Fabius spells out French tax cuts

Article Abstract:

Laurent Fabius, France's Finance Minister unveiled a three-year tax-cut plan that will benefit low- and middle-income individuals worth120 billion francs (18.29 billion euros).

Public Finance Activities, Tax Deductions & Exemptions, Taxes, Tax deductions

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