Devas in late 2011 went to the Court of Arbitration at the International Chamber of Commerce in Paris to challenge the deal's cancellation, seeking reinstatement or compensation.

WSJ: Deutsche Telekom, U.S. Firms Scrap With India Over Scuttled Satellite Deal

But in February 2011, the government canceled Devas's contract with Antrix, saying that the bandwidth allotted was needed for "strategic requirements, " such as defense, railways and public utilities.

WSJ: Deutsche Telekom, U.S. Firms Scrap With India Over Scuttled Satellite Deal

Deutsche Telekom Chief Executive Rene Obermann said in a 2009 interview with a German magazine that the Devas investment fit the company's strategy of expanding in fast-growing emerging markets.

WSJ: Deutsche Telekom, U.S. Firms Scrap With India Over Scuttled Satellite Deal

"In 2006, when we made our initial investment into Devas, India was one of the leading destinations for foreign direct investment among emerging markets, " said Columbia Capital partner Donald A. Doering.

WSJ: Deutsche Telekom, U.S. Firms Scrap With India Over Scuttled Satellite Deal