The government has clarified that there is no loss of revenue in the allocation of S Band spectrum. Talking to media persons in New Delhi, Secretary in Department of Space K. Radhakrishnan said that the termination process of contract between Antrix and Devas multimedia for S Band spectrum has already been initiated. He clarified that in 2005, Antrix, a subsidiary of ISRO, and Devas Multimedia entered into an agreement for application development. Outlining the reasons for canceling the contract, he said it is based on the current national strategic and societal requirement. He further added that the Space Commission had reviewed the contract in December 2009 and decided to terminate the same in July 2010. The termination was taking time due to a complex process involved in doing so. In reply to a query whether the Department of Space knew that Devas Multimedia has sublet the spectrum for telephony, he said that an internal review process has already been initiated on this issue also. He said appropriate action will be taken if any one is found involved. AIR correspondent reports that earlier in the day, the PM Office under whose jurisdiction Department of Space comes, has already issued a clarification on the issue saying no loss of revenue is involved.