On the 29th of July, the Indian government gave the go-ahead for the infusion of "fresh foreign equity" of Rs. 317.85 crore ($75.55 Million) in Bangalore based Devas Multimedia Ltd. Now ET reports that the investment is from European telecom major Deutsche Telekom (T-Mobile) for a 17 percent stake in Devas, valuing the company at around $443 million. Mobile TV: Devas is working on Mobile TV - DMB for transmitting video content and television to multimedia devices via both satellite and terrestrial networks. As per this report, Devas' service was/is expected to launch this year, but we could find little else on Devas. It's more likely that Devas will use satellite transmission over terrestrial for commercial services - a hybrid network appears unlikely, unless Devas ties up with Indian broadcaster Prasar Bharti. Note that only government organizations are allowed to…
