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Investment treaty awardUnpaid

Deutsche Telekom v. India

Canceled satellite spectrum contract (Devas stake)

Headline amount
$93.3MPrincipal
Respondent
IndiaState
Awarded
2020Final award. Interim award 2017
Status
UnpaidNothing collected

Latest development Oct 2026

The D.D.C. reconfirmed the award.

The award

Amount awarded
$93.3M plus interest
Current estimate
About $175M (GAR, October 2026)
Award holder
Deutsche Telekom AG
Respondent
Republic of India
Forum
UNCITRAL · Germany–India BIT · seat Geneva

Challenges

India’s Swiss challenge to the interim award failed, and a revision request was rejected on March 8, 2023.

Enforcement

Germany: the Kammergericht Berlin declared the award enforceable, and the Federal Court of Justice rejected India’s appeal (September 2023). Singapore: the Court of Appeal upheld enforcement (December 2023). United States: the D.D.C. confirmed the award on March 27, 2024. The D.C. Circuit vacated and remanded on New York Convention defenses on October 3, 2025, and the D.D.C. reconfirmed the award in October 2026. An Air India alter-ego claim in New York is stayed.

Recovered to date

None reported