Conclusion of WorldSpace India operations in 2009 was a portion of restructuring efforts of the Maryland, U.S.-based parent company that had filed for bankruptcy in October 2008. As of June 30, 2008, WorldSpace Inc. (after 1 WorldSpace) had recorded debt of US$ 2.1 billion and assets of US$ 307.4 million and had sought bankruptcy protection to help raise fresh backing to repay its debts.
WorldSpace Satellite Digital Radio Service Case Solution
The parent's two regional satellites, AfriStar and AsiaStar, and relevant ground assets were acquired by U.S.-based Liberty Media, which also owned 40 per cent of satellite radio service provider Sirius XM Radio . The termination of WorldSpace raised a series of questions regarding early mover disadvantages, company ideas and pricing strategy. Analysts further extended the arguments to draw parallels with the likes of Iridium to question strategic decisions relating to the service-hardware mix, service supply and pricing, power of complementors, power of replacements and general, the consumers' willingness to cover step-by-step choice.
PUBLICATION DATE: November 14, 2011 PRODUCT #: W11518-HCB-ENG
This is just an excerpt. This case is about STRATEGY & EXECUTION
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