WorldSpace Satellite Radio Passes 115,000 Subscribers

WorldSpace Satellite Radio Passes 115,000 Subscribers
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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.