Tata firm with DoT licence signs up with firm headed by Devas deal accused | Business News,The Indian Express
Devas and its investors, including the German telecom major Deutsche Telekom, are involved in a protracted legal battle across the world over the decision of the Indian government to annul the 2005 deal between Devas and Antrix.
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HomeBusinessTata firm with DoT licence signs up with firm headed by Devas deal accused
Tata firm with DoT licence signs up with firm headed by Devas deal accused
Devas and its investors, including the German telecom major Deutsche Telekom, are involved in a protracted legal battle across the world over the decision of the Indian government to annul the 2005 deal between Devas and Antrix.
Written by Johnson T A
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Bengaluru | Updated: September 1, 2022 8:14:17 pm
The Nelco and Omnispace agreement would “expand the reach of 5G using satellite communication throughout India and South Asia'', a joint press statement on March 23 by Nelco and Omnispace said.(File/Thinkstock)A US satellite communications company, whose CEO is being investigated by Indian agencies like the CBI and Enforcement Directorate for alleged fraud over a 2005 satellite deal, has signed a strategic agreement with Tata Group firm Nelco Ltd to distribute 5G non-terrestrial network (NTN), direct-to-device satellite services.
The US satellite communications firm Omnispace LLC, with whom Nelco Ltd has signed the agreement – as per a corporate announcement made to BSE India on March 23 – is headed by Ramachandran Viswanathan. A satellite communications entrepreneur, Viswanathan is the founder and CEO of Devas Multimedia, and accused in a CBI case of corruption and an ED case over the failed 2005 deal signed by ISRO’s commercial arm Antrix Corp with Devas.
Nelco Ltd has Department of Telecom licences for the distribution of Internet services, and as per its agreement with Omnispace, will use a satellite network put together by it to provide non-terrestrial 5G connectivity. The Nelco and Omnispace agreement would “expand the reach of 5G using satellite communication throughout India and South Asia”, a joint press statement on March 23 by Nelco and Omnispace said.
Nelco Ltd received DoT approval in June 2021 for the transfer of an Internet Service Provider licence and VSAT licence from Tatanet Services Limited to it.
Nelco Ltd did not respond to queries regarding the prosecution of Omnispace CEO Viswanathan by Indian agencies. Email queries sent to a spokesperson of the company remained unanswered.
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