The States Parties to this Convention,
Underlining the importance of telecommunications by satellite for the development of relations between their peoples and their economies, and their desire to strengthen their cooperation in this field,
Noting that the Provisional European Telecommunications Satellite Organization «INTERIM EUTELSAT» was established for the purpose of operating space segments of European telecommunications satellite systems,
Considering the relevant provisions of the Treaty on Principles Governing the Activities of States in the Exploration and Use of Outer Space, Including the Moon and Other Celestial Bodies, done at London, Moscow and Washington on 27 Januari 1967,
Wishing to continue the establishment and operation of the EUTELSAT telecommunications satellite system as part of a trans-European telecommunications network for providing telecommunications services to all participating States, without prejudice to the rights and obligations of the States parties to the relevant European Union and other international agreements.
Recognizing the need to keep under review and, as necessary, to adapt to technical, economic, regulatory and political developments in Europe and globally, and, in particular, the will to transfer the operational activities and associated assets of EUTELSAT to a limited liability company to be established under a national jurisdiction, such company to operate on a sound economic and financial basis having regard to accepted commercial principles, and to the Arrangement.