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Galileo: Rival consortiums consider joint venture

The two rival consortiums to win the management of the Galileo European satellite system are thinking to join forces to establish a joint venture, confirmed EU Transport Commissioner Jacques Barrot’s spokesman Stefan De Rynck, according to whom there are “thoughts” between iNvsat and Eurely “for a possible fusion project”.

If these thoughts end up in a joint venture, he added that “then we would have to examine it from juridical, economic and financial points of view”. Eads, Thales and Inmarsat make part of the iNvsat consortium, while Eurely is made up of Alcatel, Aena Hispasat and the Italian Finmeccanica. Galiileo should be functional in 2008 with a system made up of 30 satellites, mainly for civilian use.