A receiver for receiving a navigation signal comprising a carrier modulated by a code modulation function of a given code rate and further modulated by a composite sub-carrier modulation function having first and second components with two different rates both of which arc different to the code rate, the receiver comprising processing means arranged to: generate a first estimate of delay based on the code modulation only; generate a second estimate of delay based on the first component of the sub-carrier modulation only; and generate a third estimate of delay based on the second component of the sub-carrier modulation only; and determine a further delay estimate from the first second and third delay estimates.