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Why Worldspace India declared Bankruptcy

May 20, 2010 |  by  |  Cool Stuff, News, Tech Stuff  |  No Comments

Worldspace declared bankruptcy in 2009 and 31st Dec 2009 was its last day. Worldspace is one of the first?satellite?radio service with non-stop international songs without ads. I still remember CCD and other restaurants playing variety of non-stop songs without any ads (I loved it). I bought it too, but I could not install it at home due to lack of proper installation location towards East or to say lack of installation knowledge of their technicians who had come to install it. 8 years, 35 Channels, 4.5 Lakh (paying) subscribers, but are they enough? 50% of Worldspace subscribers came via Airtel DTH partnership ? so that

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