All Entries in the "Worldspace" Category
Govt prepares satellite radio guidelines
Source: Indiantelevision.com NEW DELHI: India will soon have a satellite radio policy. The Information and Broadcasting Ministry has framed the draft satellite radio policy guidelines based on the Trai recommendations, Minister of State for I&B CM Jatua told Parliament today. Companies wanting to provide satellite radio service in India and setting up network and infrastructure will be eligible to get permission, subject to certain conditions. The government will issue licences to those willing to start satellite radio service in India. The draft policy also provides for permitting companies »»»
WorldSpace India has to wait longer for audio streaming on Web site
Source: The Hindu Business Line New Delhi, June 9 Thanks to a quirky policy, WorldSpace India will have to wait until the notification of Government policy pertaining to satellite radio services, to offer streaming of audio music programmes on its Web site. WorldSpace needs the permission because the Web-based service proposed by it is seen as B2C (business-to-consumer) activity by the Government. Under the current law, Web-based service requires the Foreign Investment Promotion Board clearance. Industry observers are somewhat mystified by this requirement for a radio service. When contacted, Mr »»»
WorldSpace India rises from ashes
Source: Rapidtvnews.com Now emerging from Chapter 11 bankruptcy, WorldSpace’s successor company is talking up its prospects for an all-India service. WorldSpace says it will have its own DTH service up and running next year. WorldSpace’s India service has not been involved in the core company’s bankruptcy. However, WorldSpace India has also to find local investors as partners in order to meet Indian broadcasting regulations. Once that hurdle has been overcome then within 10 months WorldSpace says it will roll out its service. “Non-availability of terrestrially augmented satellite radio »»»
WorldSpace plans to launch car radio service in India by 2010
Source: Indiantelevision.com MUMBAI: WorldSpace, a US-based satellite radio company, plans to launch satellite car radio service in India by mid-2010. WorldSpace is ready to roll out this initiative within 10 months of the government’s fixation of a satellite radio policy. “Non-availability of terrestrially augmented satellite radio services in India that enable satellite radio service in automobiles is purely due to regulatory hurdles. If that is cleared, by the finalisation of the new Satellite Radio Policy by the Government, we can roll-out the same for the Indian consumers in the »»»
Worldspace to go ahead with organisational plans in India
Source: Radioandmusic.com MUMBAI: Worldspace plans to go ahead with its overall organisational plans and without any major changes in its approach of business execution in India, says Worldspace India managing director M Sebastian. The only satellite radio service provider in India currently, Worldspace has sought a five-year time period to migrate into the new licensing regime once it is finalised. Worldspace, in a official communiqué to the Information and Broadcasting Ministry, said that the company would divest 26 per cent equity in favour of Indian equity investors, within a five-year timeframe. “Yes, »»»
I&B Ministry grants 3 years to World Space for new licensing
Source: Televisionpoint.com Popular satellite radio service provider World Space India has sought five-year time to migrate into the new licensing regime once it is finalised. World Space, in a official communiqué to the Information and Broadcasting Ministry, said that the company would divest 26 per cent equity in favour of Indian equity investors, within a five-year timeframe. This will be in consonance with the new licensing regime proposed by the government. However, the government has offered World Space India, a three-year deadline to migrate into the new licensing regime. The company is »»»
WorldSpace India creditors look to recover money
Source: Televisionpoint.com Indian service providers of WorldSpace, the popular satellite radio service provider that has now filed for bankruptcy under Chapter 11 in the US, are now exploring legal options to get their money back. The US company, locally endorsed by famous music director A R Rahman, last week filed for bankruptcy. It has assets of $ 307 million and liabilities in excess of $ 2 billion, according to the bankruptcy document filed in United States Bankruptcy Court, District of Delaware. As per the bankruptcy document, WorldSpace owes money to several Indian companies such as Phonographic »»»
