Worldspace Inc. said its wholly owned subsidiary Worldspace India Pvt. Ltd. signed a memorandum of understanding with Webel Mediatronics Ltd. to explore technology transfer for the assembly, installation and commissioning of a broadcast infrastructure. The companies will explore development and deployment in India and other target Worldspace markets. Financial terms of the agreement were not disclosed.
Worldspace, Webel Partner On Technology Development
By S Staff Writer
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