WorldSpace Satellite Radio Passes 115,000 Subscribers

WorldSpace finished 2005 with approximately 115,000 subscribers. During the fourth quarter, the satellite digital radio broadcaster added some 40,000 net new subscribers, increasing its subscriber base by more than 50% in the fourth quarter.
“The growth rate demonstrates that we are delivering on our plan to drive subscriber growth in India,” said WorldSpace Chairman/CEO Noah Samara.
At the end of 2005, WorldSpace was offering the service in nine cities in India, covering a population of approximately 29 million potential listeners through 650 retail locations and 550 direct sales force agents.
WorldSpace anticipates releasing its financial results for the fourth quarter in March.