This was in the mail today.
On December 31, 2009, the WorldSpace satellite radio broadcast service will be terminated for all customers serviced from India.
This action is an outgrowth of the financial difficulties facing WorldSpace India’s parent company, WorldSpace, Inc., which has been under bankruptcy protection since October 2008. The potential buyer of much of WorldSpace’s global assets has decided not to buy the WorldSpace assets relating to and supporting WorldSpace’s subscription business in India. As a consequence, WorldSpace, Inc. must discontinue its subscriber business in India. Your subscription contract is with WorldSpace, Inc., a US company that is in a bankruptcy proceeding in the United States. The company recognizes that you may have paid for services to be rendered beyond the termination date, but is not in a position to offer a refund for any unused portion of your subscription.
You may have a potential remedy under the U.S. bankruptcy law. You may file a claim under the claims procedure that is intended to protect creditors of the bankrupt company. Sometime early next year, a claim servicing company will send notice to all creditors listed by the company. In order to ensure that you receive timely notice, we would request that you send the following information by mail or email to Rakesh Raghavan at WorldSpace, Inc. headquarters in the United States.
4. Subscription Account Number
5. Date of Subscription
6. Length of Subscription
7. Amount paid for your current subscription
Send this information to: By email -- CustomerServiceUS@worldspace.com or by regular mail – Rakesh Raghavan, WorldSpace, Inc. 8515 Georgia AV, Silver Spring, MD 20910 USA.
Our sincere apologies for this circumstance.
s/ Robert Schmitz
Chief Restructuring Officer