Worldspace Gets Nod For Germany Service
April 11, 2008 at 5:13 AM (PT)
WORLDSPACE SATELLITE RADIO's WORLDSPACE EUROPE subsidiary has received approval from GERMANY's BUNDESNETZAGENTUR for a terrestrial repeater network in GERMANY, paving the way for launching the satellite service in that country. The approval is WORLDSPACE's third such authorization in EUROPE, following SWITZERLAND and FRANCE; service to GERMANY is planned for shortly after the 2009 launch of service to ITALY.
"This is a significant development for WORLDSPACE," said Chairman and CEO, NOAH A. SAMARA. "We are very happy to receive authorization for our mobile satellite radio services in GERMANY. This achievement confirms the remarkable recent trajectory of our business in EUROPE, and supports our current discussions with potential partners who have large commitments in these markets.
"The German market is a critical market for us. Not only is GERMANY the largest country in WESTERN EUROPE with the largest economy, it is home to a number of the world’s leading automobile manufacturers who are very familiar with satellite radio, having already integrated satellite receivers into their vehicle lines for the American market. We are working to extend that experience to their home base."