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According to Varma, the company expects to invest close to $ 10
million this financial year ending December 2005. Globally, the
company has invested approximately $ 1.2 billion in building up
a network of digital satellite radio feeds.
Elaborating on what Varma said, company executive vice-president
and COO Raman Multani said that the marketing team itself is expected
to grow four times by September-October from the present 250-odd
people.
"By year end, we also plan to have about 1,000 retail stores
all over the country." As part of the game plan, a national
level communication campaign too will be rolled out. O&M is
handling the creative duties for the company.
Since the parent company in the US has filed an application with
the SEC for going public, WorldSpace India refused to dwell at length
on forward looking statements.
The company, which is relying on retail marketing heavily in India,
plans to go in for institutional and corporate sales too.
At present, WorldSpace service could be subscribed for Rs. 1,800
on an annual basis. It has some `Gold' subscribers too in the form
of expatriates who pay a sum of $ 10 per month.
Multani pointed out that the company would like to add another
100,000 subscribers to its current client base of 60,000 by end
2005. Asked whether broadcast regulator's recommendation on allowing
100 per cent foreign direct investment in satellite radio segment
would make any difference in the Indian operation if accepted by
the government, the company replied in the negative.
WorldSpace Satellite delivers digital music and news to radio sets
through satellites and operates on a subscription-based-only model.
The company's two geostationary satellites, AfriStar and AsiaStar,
enables it to deliver more than 100 digital quality audio channels
per satellite as well as multimedia content directly to WorldSpace
satellite radios in a broad service area that includes Asia, Western
Europe, Africa and the Middle
East amounting to approximately five billion listeners.The company
is headquartered in Washington D.C. and its Indian operations are
run out of Bangalore.In India, WorldSpace boasts of 39 radio stations
across genres like jazz to
classical to old Hindi film Music to Rock to news and current affairs.
It also offers two Indian classical stations--- Shruti (Carnatic)
and Gandharv (Hindustani) --- as well as regional Indian stations
that include Tara (Bengali), KL Radio (Tamil), Sparsha (Kannada),
RM Radio (Malayalam) and Spandana (Telugu) on its network.
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