August 29, 2014 7:13 AM ET

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Company Overview of WorldSpace, Inc.

Company Overview

WorldSpace, Inc. provides satellite-based radio and data broadcasting services to paying subscribers in 10 countries throughout Europe, India, the Middle East, and Africa. The company was founded in 1990 and is headquartered in Silver Spring, Maryland. On June 12, 2012, the voluntary petition of WorldSpace, Inc., along with its affiliates, for reorganization under Chapter 11 was converted to Chapter 7. It had filed for Chapter 11 bankruptcy on October 17, 2008.

8515 Georgia Avenue

Silver Spring, MD 20910

United States

Founded in 1990

Phone:

301-960-1200

Fax:

301-960-2200

Key Executives for WorldSpace, Inc.

WorldSpace, Inc. does not have any Key Executives recorded.

WorldSpace, Inc. Key Developments

SEC Orders Hearings On Registration Suspension Or Revocation Against WorldSpace For Failure To Make Required Periodic Filings

Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of WorldSpace, Inc. for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.

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