February 10, 2011 1:25 PM

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Govt panel to review Antrix-Devas deal; report to PM

Government has appointed a high-powered committee to review various aspects of the controversial deal ISRO's commercial arm Antrix had struck with a private company for lease of scarce S-band spectrum. An official statement today said. The two-member Committee, headed by B K Chaturvedi, Member, Planning Commission, will review the technical, commercial, procedural and financial aspects of the Agreement between Antrix and Devas Multimedia Pvt. Ltd. The panel will also review the adequacy of procedures and approval processes followed by Antrix, ISRO and Department of Space, and suggest improvements and changes. The Committee has been asked to submit its recommendations to Prime Minister Manmohan Singh within one month. Singh is minister incharge of Department of Space. Meanwhile Devas Multimedia, who has reportedly struck a deal with Antrix for S-band spectrum today said that the company had all appropriate approvals from the government for its business. Devas President and CEO Ramachandran Viswanathan said it still has the legally binding agreement with Antrix Corporation and was awaiting delivery of the contracted space segment capacity from ISRO. He said Devas has secured appropriate approvals from the government related to conducting its business.

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