Logo
Logo

DoS recommends cancellation of Devas-Antrix deal

The satellite transponder lease deal between state-run Antrix Corporation and Devas Multimedia had a highly unusual provision to provide Devas back-door access to the precious and heavily monetizable S-band terrestrial spectrum. This, and many other details that reveal the extent of how problematic the government now finds the deal to be, forms part of a note by the Department of Space prepared for the Cabinet Committee on Security, recommending the cancellation of the deal. 

Read Full Story>>