Financially Speaking… WorldSpace Satellite Radio…

WORLDSPACE Satellite Radio [NASDAQ:WRSP] has announced the results for their Q4 and year ended December 31, 2007. The Company ended the quarter with 174,166 subscribers worldwide, a loss of 3,478 from the close of the prior quarter. This lower number reflects the cessation of current marketing efforts in Europe ahead of the company’s efforts to commence mobile service there, starting with Italy in 2009. In India, the Company lost 1,827 net subscribers during the fourth quarter of 2007. This reflects continued reduced marketing in that region while the Company awaits regulatory approval for its mobile system. WORLDSPACE ended the period with 163,075 subscribers in India, compared to 162,010 at the end of the fourth quarter of 2006. Following the close of the quarter, WorldSpace secured a financing facility for up to 40M/USD of subordinated financing, from Yenura Pte. Ltd., a company controlled by Mr. Noah Samara, chairman and CEO of WORLDSPACE. About half this amount has been available to the Company and drawn by the Company to date. Yenura assures the Company that the balance will be available to draw in the next few weeks. Plus, Roberto Zaino was appointed content director for WORLDSPACE Italia, a majority-owned subsidiary of the Company. WORLDSPACE Italia is expected to bring mobile satellite radio services to the Italian marketplace with some 40 to 50 channels of music, sports, news and entertainment programming in after market equipment available early in 2009 and in certain Fiat Group Automobiles’ models as original equipment beginning in late 2009. In a separate announcement, the Company disclosed it has received a terrestrial repeater license from Switzerland‘s Office Federal de la Communication (OFCOM). This license will allow the company to operate terrestrial repeaters that will work in conjunction with its existing satellite network to provide Swiss consumers with a subscription-based satellite radio service—Silver Spring, Maryland