We were the first company to establish an operational satellite-based digital radio system, commonly known as Digital Audio Radio Service (DARS) and today are the only licensed DARS provider outside of North America, South Korea and Japan. Through the end of December 2007, we have spent approximately $1.7 billion in connection with the development and launch of our business. With the signing of a major distribution arrangement with Fiat Group Automobiles S.p.A. (Fiat), we are close to launching in Italy our first mobile service; we expect to launch this mobile service in early 2009. In 2009, in addition to Italy, we are planning to launch a mobile service first in Bahrain and then in the United Arab Emirates (UAE) and potentially in Switzerland; in each of these jurisdictions we now have the regulatory authorizations to establish a mobile service. We have delayed previously scheduled launches in the Middle East in order to take advantage of the enhancements to our planned mobile system provided by our European standard technical development activities undertaken for Italy and other countries in the European Union. These enhancements include, among other things, a new generation of satellite receivers, which will receive broadcasts from our networks of terrestrial repeaters as well as from our satellites. We are planning similar system enhancements in India, where we initiated a non-mobile service in 2005, subject to the resolution of the satellite radio regulatory issues and the formation of a strategic alliance with a local partner.
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Company profile
Ticker
WRSPQ
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
521732881
Latest filings (excl ownership)
REVOKED
Registration or securities revoked
28 May 14
8-K
Asset Purchase Agreement Closed
29 Jun 10
8-K
Worldspace Asset Purchase Agreement Terminated
27 Aug 09
8-K
Court Approves Worldspace, Inc. Asset Sale
20 Mar 09
8-K
Entry into a Material Definitive Agreement
4 Mar 09
8-K
Entry into a Material Definitive Agreement
9 Feb 09
8-K
Changes in Registrant.s Certifying Accountant
17 Nov 08
NT 10-Q
Notice of late quarterly filing
17 Nov 08
25-NSE
Exchange delisting
14 Nov 08
8-K
Entry into a Material Definitive Agreement
13 Nov 08
Latest ownership filings
No filings