Devas Multimedia, whose contract with Antrix Corporation was cancelled by the government on Thursday, said it was still awaiting a formal communication on the development.
“We are still awaiting a formal communication from the Government of India on the status of our contract,” a Devas Multimedia statement said here. It said the company will be in a position to comment once it receives information on the contract.
The Cabinet Committee on Security (CCS), at a meeting chaired by Prime Minister Dr Manmohan Singh, decided to annul the contract Antrix had entered into with Devas Multimedia under which it was to lease out 90 per cent transponders on two of ISRO’s satellites GSAT-6 and GSAT-6A.
Devas Multimedia had threatened to move court if the government takes any unilateral decision to terminate the deal.