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Worldspace Inc. cuts its net loss from $577.4 million in 2004 to $79.7 million in 2005, as total revenues jumped 36 percent to $11.7 million in 2005, the company reported.

Worldspace credited the gains to its push in India, where the company rolled out service in nine cities throughout the year, helping the satellite radio provide to cross the 115,000 mark in subscribers.

“2006 is a pivotal year for WorldSpace,” Noah Samara, the company’s chairman and CEO, said in a statement. “We are working hard to gain key regulatory approvals for the delivery of mobile services in certain of our markets and to increase the variety of our receivers. We are moving into more cities in India and we are gaining strength in other countries where subscribers can be added at little incremental cost.”

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