Economic Times reports:
Currently, World Space is the only player in India to offer such a service. On the implementation of the new policy, WorldSpace will not only have to find a local partner to hold a 26% equity stake in its Indian operations, but will also have to share 4% of its revenues with the government here.
1 comment:
I think Worldspace is more worried about its future in general than the Indian market specifically. It has just lost two directors and something tells me they only have a few weeks of funding unless a miracle happens. That has happened in the past, but probably not this time. Worldspace is an answer looking for a problem.
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