Worldspace slows down plans in India, taps new revenue streams

Source: Indiantelevision.com MUMBAI: Worldspace Inc, which has filed for Chapter 11 bankruptcy protection in the US, will slow down its aggressive customer acquisition plan in India while tapping alternate revenue streams, a senior executive said. “The business in India has reached a certain level of financial maturity and we have achieved cash flow break even. But we can move in an aggressive manner towards customer acquisition and new level of services once the restructuring in US happens,” Worldspace India managing director M Sebastian said. Worldspace is available on Bharti’s »»»