Devas-Antrix deal

The Devas-Antrix deal was a controversial agreement where India’s space agency, ISRO, sold communication satellite rights to Devas Multimedia for a fraction of their value. The deal involved leasing satellite spectrum, but allegations emerged that it was irregular and caused financial losses to the Indian government. In 2015, the Indian government canceled the agreement, citing irregularities and corruption allegations. The controversy highlighted issues of transparency and governance in government deals, leading to legal actions and debates over the privatization of space assets and proper oversight.