Shareholders of Devas are currently pursuing cases in multiple global courts, including those in the US and the UK, to force India to pay them $1.3 billion in damages for scrapping a 2005 deal to build two communication satellites that would use the S-band spectrum to offer hybrid satellite and terrestrial communication services throughout India.
from Latest Telecom News | Latest Telecom Industry News, Information and Update: ET Telecom : ETTelecom.com https://ift.tt/3DUk27b
Tuesday, September 7, 2021
Indian govt must pay all its debts: Devas Multimedia says it will pursue enforcement of its $1.3 bn arbitral award
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