WorldSpace Plans To Invest $150 Million In India In Next Two Years

The Hindu: Worldspace Inc., one of the world’s leaders in satellite-based digital radio service, would invest $150 million in India in the next two years. Announcing this after signing an MoU with Webel Mediatronics, a West Bengal Government-owned venture, Worldspace CEO Noah A Samara, said the company has made significant financial and personnel investments in India in connection with the launch of Worldspace services here. Worldspace India signed the MoU with Webel to explore technology transfer for the assembly, installation and commissioning of a broadcast infrastructure.
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