Satellite radio provider WorldSpace has seen a 50 per cent growth in subscribers in India, up 50 per cent from 74,574 to 111,723 on March 31, 2006, and a five-fold increase from 21,730 compared to the end of the first quarter of 2005.
WorldSpace Inc. finished the first quarter of 2006 with 153,437 subscribers worldwide. The company added 38,131 subscribers in Q1 of 2006, an increase of 109 per cent over the 18,233 subscribers added in same quarter of 2005.
By March 31, 2006, WorldSpace had rolled out its satellite radio services in ten cities in India, namely, Mumbai, Delhi, Bangalore, Chennai, Hyderabad, Kochi, Pune, Ahmedabad, Chandigarh and Kolkata.
“We are continuing to focus very closely on driving subscriber growth, especially in India, as we expand our services to more cities, ensure the availability of our products at more retailers and upgrade our content and products,” said Noah Samara, Chairman and CEO, WorldSpace.
“We are launching in more cities and creating innovative special promotions that are driving strong revenue growth. We are confident that we have taken the necessary steps in terms of management changes, enhanced visibility, expanded marketing alliances and improved products that will enable us both to grow and retain subscribers to our ever-expanding unique and exciting content,” Samara added.