WORLDSPACE® SATELLITE RADIO REACHES 100,000
SUBSCRIBERS
Subscribers Embrace WorldSpace’s Exclusive Commercial-Free Content
SILVER
SPRING, Md., Dec. 7, 2005-- WorldSpace
Satellite Radio, (Nasdaq: WRSP), one of the world leaders in
satellite-based digital radio services, today announced that it recently passed 100,000 subscribers globally - reinforcing the company’s execution against its business plan through the sequential roll out of services in key Indian and other global markets.
WorldSpace services have resonated with consumers across the world, especially in India where the company remains focused on building content and partner networks to increase visibility and drive consumer demand.
“Reaching 100,000 subscribers is an important milestone for WorldSpace and it reflects the effective implementation of our strategic plan, which is to leverage attractive market opportunities for our subscription services,” said Noah Samara, chairman and CEO, WorldSpace. “We are very pleased with our progress and we intend to continue aggressive sales and marketing efforts that will enable us to grow our subscriber base.”
During 2005, WorldSpace has successfully launched roll-outs in nine cities in India, including Mumbai, New Delhi, Bangalore, Chennai, Hyderabad, Kochi, Pune, Ahmedabad and Chandigarh. Launching in these cities has enabled the company to access a population of approximately 29 million in its primary target market. As of September 30, 2005, WorldSpace services were available at approximately 550 retail locations in India.
As the only company licensed to offer satellite-based digital audio radio services (DARS) outside of North America, South Korea and Japan, WorldSpace delivers a continually growing line-up of exciting and diverse, commercial-free content to its international subscribers.
About WorldSpace, Inc.
WorldSpace (Nasdaq: WRSP)
is the world's only global media and entertainment
company positioned to offer a satellite radio
experience to consumers in more than 130 countries
with five billion people, driving 300 million
cars. WorldSpace delivers the latest tunes,
trends and information from around the world
and around the corner. WorldSpace subscribers
benefit from a unique combination of local
programming, original WorldSpace content and
content from leading brands around the globe
including the BBC, CNN, Virgin Radio, NDTV
and RFI. WorldSpace's satellites cover two-thirds
of the globe with six beams. Each beam is capable
of delivering up to 80 channels of high quality
digital audio and multimedia programming directly
to WorldSpace Satellite Radios anytime and
virtually anywhere in its coverage area. WorldSpace
is a pioneer of satellite-based digital radio
services (DARS) and was instrumental in the
development of the technology infrastructure
used today by XM Satellite Radio.
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