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iNavSat submits final operating offer
01 Feb 2005
The iNavSat consortium has delivered its final offer to the Galileo Joint Undertaking (GJU) to become the Galileo concessionaire, deploying the Galileo satellite constellation, integrating EGNOS and operating all subsequent services.
The consortium was chosen in October as one of the two final bidders. The preferred bidder is expected to be announced in February 2005.
Eight leading European banks, with some willing to contribute equity to the iNavSat investment, have approved the financial proposal, which minimises public sector contribution over the 20 year concession period.
The iNavSat consortium was founded by EADS Space, Inmarsat Ventures and the Thales Group.
The winning concessionaire is expected to take the lead in arranging private financing of the deployment and operational phases of Galileo and will ultimately become the Galileo Operating Company.
