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WorldSpace, Inc. Bankruptcy Case

WorldSpace, Inc.

Stage

Completed stage: Filed
Current stage: DIP financing
Future stage: Plan filed
Future stage: Plan confirmed
Future stage: Plan effective
Future stage: Closed

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Case No.: 08-12412
Court: Delaware
Judge: Peter J. Walsh

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Case No.: 08-12412
Court: Delaware
Judge: Peter J. Walsh
Petition date: Oct 20, 2007
Industry: Telecommunications, Media

WorldSpace, Inc. is a Maryland-based satellite radio and data broadcasting company that operates two geostationary satellites, AfriStar and AsiaStar, to provide services across Europe, India, the Middle East, and Africa. As of June 2008, the company served more than 170,000 paying subscribers in ten countries. Its infrastructure includes associated ground systems for content and satellite control, a planned terrestrial repeater network, and customer receivers. The company maintains its headquarters in Silver Spring, Maryland, and operates through various international subsidiaries.

Key professionals

Arent Fox LLP: Bankruptcy counsel
Baker & McKenzie LLP: Special counsel