New Delhi (Agencies): With yet another scam suspected in a spectrum deal, the government is expected to cancel next week the controversial S-Band spectrum deal that ISRO's commercial arm Antrix Corporation had signed with a private firm for utilising scarce S-band spectrum.

A decision to cancel the deal between Antrix Corporation with Devas Multimedia is likely to be taken at a meeting of the Union Cabinet to be held next week, official sources said.

Under the pact, Antrix had agreed to lease upto 90 per cent transponders on two ISRO satellites -- GSAT-6 and GSAT-6A -- to Devas Multimedia for Digital Broadcast Audio Service.

Ahead of the Cabinet meeting, the Space Commission is scheduled to meet on Saturday and is understood to have discussed the matter.

The meeting comes in the wake of ISRO's public admission of not keeping complete facts regarding the controversial spectrum deal before the Commission and the Union Cabinet.

ISRO officials said a meeting of the Space Commission, which formulates India's space programme, was scheduled for Saturday. A media expose claimed that the deal could have
caused a loss of over Rs two lakh crore to the exchequer.

The Space Commission had already favoured termination of the agreement with Devas in July last year.

On Tuesday, ISRO Chief K Radhakrishnan had claimed that there was no financial loss to the government on account of the 2005 contract between Antrix and Devas Multimedia, floated by a former ISRO official.

ISRO Chief K Radhakrishnan admitted that details about contract that gave Devas rights to 90 per cent usage of transponders on two satellites, were not shared with the Space Commission or the Union Cabinet.