Union Cabinet to cancel S-band spectrum deal next week

With yet another scam suspected in a spectrum deal, the government is likely to cancel the contract between ISRO`s commercial arm Antrix and Devas Multimedia allowing it the use of scarce S-band spectrum.

Updated: Feb 09, 2011, 23:19 PM IST

New Delhi: With yet another scam suspected in
a spectrum deal, the government is likely to cancel the
contract between ISRO`s commercial arm Antrix and Devas
Multimedia allowing it the use of scarce S-band spectrum.

A decision to cancel the suspect deal is likely to be
taken at a meeting of the Union Cabinet to be held next week,
official sources said.
Yesterday, ISRO had claimed that there was no financial
loss to the government on account of the 2005 contract between
Antrix and Devas Multimedia, floated by a former Indian Space
Research Organisation official.
ISRO chief K Radhakrishnan also admitted that details
about contract that gave Devas rights to 90 per cent usage of
transponders on two satellites, were not shared with the Space
Commission or the Union Cabinet.

PTI