No L 122/48 Official Journal of the European Communities 17. 5. 91 COMMISSION COMMISSION DECISION of 12 April 1991 declaring the compatibility with the common market of a concentration (Case No IV/MO42 — Alcatel/Telettra) Council Regulation (EEC) No 4064/89 (Only the English text is authentic) (91/251/EEC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Regulation (EEC) No 4064/89 of 21 December 1989 on the control of concentrations between undertaking ('), and in particular Article 8 (2) thereof, Having regard to the Commission Decision of 21 January 1991 to initiate proceedings in this case, Having given the undertakings concerned the opportunity to make known their views on the obligations proposed by the Commission, After consulting the Advisory Committee on Concentra- tions (%), Whereas : I. FACTS The nature of the proceeding (1)  This proceeding concerns a. proposed concentration which was notified on 10 December 1990 pursuant to Article 4 of Council Regulation (EEC) No 4064/89, consisting of the acquisition by Alcatel NV (Alcatel) from Fiat SpA (Fiat) of a controlling interest of 69,2 % of the shares of Telettra SpA (Telettra). Telettra will in turn acquire 100 % of Alcatel Face SpA, which is a subsidiary of Alcatel. Fiat will still own 25,4 % of Telettra. The balance of the shares in Telettra are currently owned by the Spanish telecommunications operator, Telefonica de Espaiia (Telefonica). : () OJ No L 395, 30. 12. 1989, p. 1, rectified vesion OJ No L -7 287, 21.9. 1990, p. 13. . () OJ No C 127, 17. 5. 1991, p. 2. The parties (2 Alcatel is 70 % owned by Alcatel Alsthom Compagnie  Générale  d’Electricité  (Alcatel Alsthom), formerly known as CGE. Alcatel is prin- cipally a supplier of telecommunications systems and equipment, and in 1989 had a worldwide ~turnover of ECU 12,8 billion. Alcatel Alsthom had a consolidated worldwide turnover of ECU 20,7 billion in 1989, the balance deriving mainly from the energy and transportation, nuclear, electrical engineering, and batteries sectors. The Communi- ty-wide turnover of Alcatel Alsthom in 1989 was ECU 16,5 billion. Not more than two-thirds was achieved in any one Member State. (3)  Telettra is principally a supplier of telecommunica- tions systems and equipment. In 1989, it had a worldwide turnover of ECU 1,1 billion, ECU 0,95 billion of which arising in the Community. Not more than two-thirds of ‘its Community-wide turnover was achieved in any one Member State. The context of the agreement ° (9  The agreement on the acquisition of control in Telettra is one of the components of the ‘accord cadre’ entered into between Fiat and Alcatel Alsthom. The other components of the ‘accord cadre’ are: — the acquisition by Magneti Marelli, a subsidiary of Fiat, of a controlling interest in Alcatel Alsthom’s batteries subsidiary, CEAG. This proposed concentration, which is subject to completion of the Alcatel/Telettra agreement, has been notified and is being dealt with sepa- rately under Case No IV/M043 (%), () OJ No C 315, 14. 12. 1990, p. 14.