‘ISRO deal was a mistake’


New Delhi: The controversial spectrum deal between Antrix, the commercial arm of Indian space agency ISRO, and private firm Devas was a “mistake” that the government corrected, Defense Minister A.K. Antony said on February 17.

“They (ISRO) committed a mistake, the government has corrected it,” Antony told reporters, shortly after the government scrapped the deal on the allocation of S-band spectrum, high value and scarce radio waves.

Antony said the Defense Ministry was not consulted on the deal that triggered a major controversy after the media, citing the government auditor’s findings, reported that the agreement for handing over 70 Mhz of S-Band spectrum to the private firm for Rs.1,000 crore had resulted in a loss of Rs.2 lakh crore to the nation.

- Advertisement -