Government has annulled forthwith the deal ISRO's commercial arm Antrix had struck with a private company for lease of premium space segment saying it is not in the country's strategic interest.The Cabinet Committee on Security (CCS), at a meeting chaired by Prime Minister Manmohan Singh, decided to annul the contract Antrix had entered into with Devas Multimedia under which it was to lease out 90 per cent transponders on two of ISRO's satellites GSAT-6 and GSAT-6A.Talking to reporters after the meeting in New Delhi today, Law Minister Veerappa Moily said that when the question of strategic requirement arises, the government cannot give S-band spectrum even to Antrix for commercial use.The Prime Minister said on Wednesday that the deal had never been operationalised and rejected suggestions that his office had held backroom talks with Devas after the Space Commission's recommendation to scrap the deal. He had said that if there has been delay in scrapping the deal, this has been only procedural.Replying a series of questions, Mr. Moily said that the government is confident of standing the legal scrutiny of its decision and all these aspects have been taken into consideration before taking a final call on the issue. He made it clear that the Chaturvedi Committee will continue its probe into the different aspects of spectrum allocation by Antrix and submit its report.
News On AIR | February 17, 2011 8:25 PM
Govt annulls Antrix-Devas deal