New Delhi, Feb 8 (ANI): The Prime Minister's Office (PMO) has denied reports that a private company has been allotted a whopping 70MHZ of spectrum for barely Rs. 1000 crore through a deal with the Indian Space Research Organization (ISRO), which reports directly to the Prime Minister.
In a statement issued here, the PMO clarified that no decision has been taken by the Government to allocate space segment using S Band Spectrum to ANTRIX Corporation or Devas Multimedia.
"Hence, the question of revenue loss does not arise and any such reports are without basis in fact," the statement added.
The Comptroller and Auditor General's office and the Department of Space have already issued statements stating the factual position.
In a section of the media on Monday it was reported that ANTRIX Corporation, the commercial arm of ISRO entered into an agreement in 2005 with Devas Multimedia allowing use of 70 megahertz of S-band spectrum without inviting bids resulting in huge revenue loss to the exchequer. (ANI)