Get 40% Off
🔥 This hedge fund gained 26.16% in the last month. Get their top stocks with our free stock ideas tool.See stock ideas

Finmeccanica,Thales JV signs 180 mln euro rights deal

Published 01/28/2009, 03:57 AM
Updated 01/28/2009, 04:00 AM
TCFP
-
LDOF
-

MILAN, Jan 28 (Reuters) - A Finmeccanica joint venture has sold the exclusive rights to Luxembourg's 4C Satellite Images & Technologies to resell satellite images in a deal worth 180 million euros.

Telespazio, the joint venture run by Finmeccanica and Thales , will have its e-GEOS unit give 4C the rights in North Africa, the Middle East and South East Asia to sell radar observation data of the Earth, Finmeccanica said on Wednesday.

The data will come from Italy's COSMO-SkyMed satellite.

4C, which will have rights to the data for 10 years, will acquire a station to receive the satellite signals.

Telespazio, 67 percent owned by Finmeccanica, is the main owner of e-GEOS.

4C is a unit of 4C Controls Inc, a security and surveillance technology group based in Luxembourg. (Reporting by Nigel Tutt; Editing by Jon Loades-Carter)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.