The Government today ruled out any revenue loss in the S-Band Spectrum allocation. A statement issued by Prime Minister's Office says that no decision has been taken to allocate the space segment to ANTRKIX or Devas. The statement said that the CAG and department of Space have already issued statements giving factual positions on the matter. PMO was reacting to media reports of alleged loss of revenue in a contract entered by ANTRIX and Devas Multimedia. It said that such reports have no basis.