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OUR COMPANY
Devas Multimedia Pvt. Ltd. (Devas), an Indian company headquartered in Bangalore, was founded in 2004 by a team of successful satellite entrepreneurs and executives. Devas has led indigenous innovation in the arena of satellite communications and technologies to establish a next-generation national satellite system that provides vital services to the masses and government agencies across India. The Devas system is uniquely capable of delivering applications for rural development, e-governance, emergency communications, remote connectivity, and strategic services.
PRESS HIGHLIGHTS
SC: Antrix-Devas arbitration in UK
The Supreme Court on Friday held that arbitration proceedings of dispute between Antrix Corporation, the commercial arm of Isro, and Devas Multimedia regarding scrap­ping of controversial Rs 1,000 crore deal for scarce S-band spectrum can take place at International Court of Arbitration(ICA) in London.
2013.05.11 Deccan Chronicle
Apex court rules for international arbitration between Devas, Antrix
The Supreme Court on Friday ruled in favour of international arbitration of a dispute between Devas Multimedia Pvt. Ltd and state-run Indian Space Research Organisation’s commercial arm Antrix Corp. Ltd.
The dispute relates to the allocation of S-band spectrum as part of a deal between the two companies in 2005 for the construction of two satellites needed by Devas for providing wireless multimedia services.
2013.05.11 The Mint
Supreme Court rejects Antrix plea on Devas arbitration move
The Supreme Court has dismissed a plea by Antrix, the commercial arm of Indian Space Research Organisation (Isro), against Bangalore-based start-up Devas Multimedia’s move to initiate arbitration proceedings abroad. Devas plans to challenge a 2011 decision to cancel a controversial deal for leasing out Isro’s strategic S transponder and 70 MHz spectrum to the little-known entity.
2013.05.11 The Economic Times
SC dismisses Antrix arbitration proceedings against Devas
The Supreme Court on Friday dismissed an application filed by Antrix Corporation — engaged in marketing and sale of products and services of the Indian Space Research Organisation — seeking proceedings under the Arbitration Act against Devas Multimedia P. Ltd. for termination of a 2005 agreement for lease of space segment capacity on ISRO/Antrix S-Band Spacecraft.
2013.05.11 The Hindu
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The information contained herein is for general informational purposes only and the company does not warrant or provide any representations on its accuracy in the event of omissions or errors.