It could be that the satellites operate in Ku-band (11GHz+ downlink), and GPS receivers operate at L-band (1GHz to 2GHz). So, unless they can convert the satellite from Ku-band to L-band, then they cannot be configured to operate with existing GPS receivers.
We already have numerous GPS signals, and the associated WAAS (L-band, wide area augmentation system signal) to compensate for the accuracy, which many GPS receivers already can make use of - mine from 2003 uses the WAAS signal.
Without the report, then we cannot assess the validity of the claims.
Will the proposed system offer cm level accuracy, or be no better than GPS+WAAS ???
Also, why would anyone pay 20% (£500million) to a company that has filed for bankruptcy ??
If the money is paid, where does it go ??, does the company suddenly become operational ??
I recall that the government were being told that they can introduce backdoors into encryption and they believed it was ok with no downsides. Is this the same scenario, the government is being told what it wants to hear by people with some technical ability, to get them to believe that what is stated in the £92million report is 100% accurate ?
The report cannot be seen - so, will this be a case of money spent (£92m + £500m) and then it fails and we just brush it under the carpet ?