Originally Posted by
SiriusXMInvestor
Sirius XM Making A play For Worldspace India
Wednesday, April 15, 2009 at 4:19AM Brandon Matthews
In what looks to be the beginning of a long term project, Televisionpoint.com, India's number one trade website in the domain of television, media, marketing and advertising is reporting that Sirius XM has expressed an interest in making a play for WorldSpace's operation in India.
Already, US-based Sirius XM Radio, the largest satellite radio player internationally, has evinced keen interest in making a foray into Indian satellite radio market. Sirius that has operations in North America, Canada and Alaska had acquired XM in July 2008.
The satellite radio networks will allow subscribers access to programmes relayed worldwide via fixed, portable or vehicular radio sets. Opening up satellite radio to new domestic and foreign players will widen choice of programmes already the subscribers have through AM & FM radio broadcast of All India Radio (AIR).
India's I & B Ministry granted WorldSpace India 3 years rather than the 5 years it had sought to implement licensing changes.