WorldSpace Systems

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WorldSpace Systems Corporation (formerly WorldSpace Management Corporation)—Delaware, US

"Worldspace, Inc. has established an operational satellite-based digital radio system, commonly known as Digital Audio Radio Service (DARS) and is a licensed DARS provider outside of North America, South Korea and Japan. The Company’s operational system consists of four main elements: two geostationary satellites, AfriStar and AsiaStar; the associated ground systems that provide content to and control satellites; a terrestrial repeater network to be built out in each of the Company’s target jurisdictions, commencing in Italy, in order to facilitate a mobile service; and the receivers owned by customers. In October 2008, WorldSpace, Inc., along with its United States subsidiaries, WorldSpace Systems Corporation and AfriSpace, Inc., filed voluntary petitions for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court in Delaware. WorldSpace will continue to operate its business and manage its assets as a debtor-in-possession." [1]

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  1. WorldSpace, Google Finance, accessed November 18, 2008.