Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
google otn europe and you will be reading for months global radio powers en rrb,read and read!
unable to figure out also rman?
Maybe they are going to list in Europe.
I am just trying to understand the new designation OTN from OTC.
http://www.marketwatch.com/investing/stock/WRSPQ
What does the designation OTN:WRSPQ
mean?
Could not find much about it.
http://finance.yahoo.com/q?s=OTN.Z
new position 35 shares http://www.nasdaq.com/quotes/institutional-portfolio/glenmede-trust-co-na-27215?page=108
https://www.interactivebrokers.com/en/index.php?key=wrspq&cntry=usa&tag=United+States&ib_entity=llc&ln=&asset=&f=4587&conf=am&amref=1
http://www.abbreviations.com/OTN
http://quotes.wsj.com/XX/XSTX/OTN/index-interactive-chart
If anyone can find anything on OTN: Exchange
Please pass it on here thanks
WorldSpace has "mucho" NOLs plus they also have International content.
Liberty third qtr conference call.
21:00 to 22:00 minute mark talks about possible purchases of international distribution and content.
Also talked about trying to utilize NOL's
I think Worldspace has significant NOL's
Have a listen let me know what you think?
http://www.shareholder.com/visitors/event/build2/mediapresentation.cfm?companyid=ABEA-4CW8ZW&mediaid=61684&mediauserid=7544254&TID=2782750111:edc1b2b661eb50c0549d3591180689d8&popupcheck=0&shexp=201311101820&shkey=ee6a19bda2907832c81f17d52a36e59d&player=3
I'm sure most have already seen this, however, a good read about SIRI $2 Billion buyback and what it means to Liberty.
http://seekingalpha.com/article/1739062-liberty-media-scores-500-million-payday?source=email_rt_article_readmore
Wonder how big library Worldspace owns?
Thanks, I have searched and never came across these articles by Forbes. I feel alot better for holding for so long! Im not into too deep but siri really was my lotto pick and my buddies still say how lucky I was! I feel its only a matter of time! My position is only 35000 shares wrsp! Glta !
Some one heard you.......
Venkataraman s, a Carnatic music fan who enjoyed his pilgrimages to the sabhas in Chennai, found himself in a ‘rasika’s heaven’ when, in 2005, his son installed a Worldspace Satellite Radio at home. He spent hundreds of hours listening to curated, ad-free, DVD-quality songs till December 2010, when Worldspace shut shop.
Despite rumours of a revival, nothing happened till Saregama, part of the RP-Sanjiv Goenka group, tied up with Timbre Media, founded by former Worldspace employees, to relaunch the brand.
But this time Worldspace will not be on satellite radio. Although it had 4.5 lakh customers, and Indian operations were profitable, the parent company founded by Ethiopian-born lawyer Noah Samarah had closed operations due to financial difficulties. Its relaunch is planned for other platforms: Internet, direct-to-home sets and mobile phones.
Saregama tied up with Vodafone so that its customers could listen to 10 stations on monthly subscriptions, and later with Airtel for DTH. It launched apps for iPhone, Android, Windows and BlackBerry smartphones. Although these are now limited due to the number of channels, the potential is huge.
But competition is fierce outside the satellite radio space (which locks a customer to the device).
As for Venkataraman, he has shifted to another service called Carnatic Radio, launched by music enthusiasts from Singapore, which streams ad-free music 24x7. “Worldspace radio had over 40 stations but I mostly listened to just Shruti [the Carnatic music station]. I have moved on,” he says.
This article appeared in the Forbes India magazine of 18 October, 2013
Read more: http://forbesindia.com/article/checkin/back-on-air-worldspace-2.0/36231/1#ixzz2gimLhauU
I would love to see wrsp come back , I been holding these for few years now. I got into siri at .12 and like mcDonalds "I'M LOVIN IT". To see this possibility is exciting. Come on siri, liberty lets do this! Would love to see some good news!
James Meyer (SIRI CEO) seems to be familiar with the global territory.
Here is an example from his bio.
Senior Executive Vice President, Digital Media Solutions of Thomson, a worldwide leader in consumer electronics.
From January 1997 to December 2001, Mr. Meyer served as Senior Executive Vice President and Chief Operating Officer of Thomson Consumer Electronics. He was responsible for Thomson's Digital Media Solutions Business Unit, a global business serving the entertainment, broadcast and content industries, including such clients as Disney, Warner Brothers, Dreamworks, Microsoft, Direct TV, ABC and BBC.
Great info jel2maine. Noticed this:
Meyer said the company is exploring international markets, including Mexico.
That means they got other countries already lined up.
I know of at least 2 big cable companies that Liberty owns in Europe. Belgium and Germany also I believe Austria.
There are so many services that SIRI can get involved in.
CEPT ECC FM 50 meetings probably over 1,000+ documents.
Enjoy!
where did you get the mh has been harmonized for lte!
got it transscript sorry!
jel good info not following the unidentified analysts,what do you mean!thanks in advance.
jel i listened too,seams very clear just how and when!
http://en.wikipedia.org/wiki/Holding_company
Broadcasting
Further information: Media conglomerate
In US broadcasting, many major media conglomerates have purchased smaller broadcasters outright, but have not changed the broadcast licenses to reflect this, resulting in stations that are (for example) still licensed to Jacor and Citicasters, effectively making them such as subsidiary companies of their owner Clear Channel Communications. This is sometimes done on a per-market basis; for example in Atlanta both WNNX and later WWWQ are licensed to "WNNX LiCo, Inc." (LiCo meaning "license company"), both owned by Susquehanna Radio (which was later sold to Cumulus Media). In determining caps to prevent excessive concentration of media ownership, all of these are attributed to the parent company, as are leased stations, as a matter of broadcast regulation
John Malone, the chairman of Liberty Media, the company that controls Sirius XM, has previously said that Sirius XM should look at "globalizing."
Key word-globalizing there is no other GLOBAL satellite radio/IP licensee, other than us.
Sirius, Liberty could do WorldSpace deal
Flash back for reference
NEW YORK | Mon Nov 30, 2009 4:18pm EST
(Reuters) - Sirius XM Radio Inc (SIRI.O) could team up with Liberty Media Corp (LINTA.O) to take its satellite radio offerings global through a partnership with WorldSpace Inc (WRSPQ.PK), Chief Executive Mel Karmazin said on Monday.
"We understand that Liberty has expressed an interest in WorldSpace," Karmazin said at the Reuters Global Media Summit in New York.
But if a partnership with Liberty does come about, Sirius would not invest any money, he added.
"We would put our expertise and experience in the pot and Liberty would put their money in the pot," Karmazin said.
Liberty Media, controlled by cable pioneer John Malone, rescued Sirius from a possible bankruptcy filing earlier this year with a loan of $520 million. In return, Liberty secured a 40 percent equity stake in the company.
Through a subsidiary, Liberty Media has also bought up the debt of WorldSpace recently, leading to speculation that Malone would seek to combine Sirius and WorldSpace. Most of WorldSpace satellite radio's subscribers are in Asia and Africa.
"So one would think that if Liberty were to do something there that they would want as strategic partner somebody who has successfully done satellite radio in 5 percent of the world," Karmazin said.
Such a partnership could involve Sirius bringing its relationships with car makers and expertise in building satellite radio gear to WorldSpace's operations, he added.
(For summit blog: blogs.reuters.com/summits/)
(Reporting by Anupreeta Das and Yinka Adegoke; Editing by Tiffany Wu and Richard Chang)
Sirius considers international expansion, looking at Mexico - CEO
By Liana B. Baker
NEW YORK | Thu Sep 26, 2013 11:16am EDT
(Reuters) - Sirius XM Radio Inc Chief Executive Jim Meyer sees an opportunity to enter international markets with Internet-based products, a business that could provide a new revenue stream to the company, which is mainly focused on the United States.
When asked at the Goldman Sachs Communacopia conference on Thursday about incremental growth opportunities, Meyer said the company is exploring international markets, including Mexico.
Speaking on a webcast, Meyer said the board of directors regularly asks him, "Gee, when are you going to go international?".
Meyer, who took the reins of the company late last year, is looking to branch out Sirius XM's offerings beyond music and talk radio to other services in cars. He spearheaded Sirius XM's first large scale acquisition in August, when Sirius XM spent $530 million on acquiring the connected car services unit of Agero. That deal is expected to close in the fourth quarter.
Meyer said on Thursday that automakers are expanding their connected car systems globally, which is why Sirius XM now has the chance to enter new countries.
"One of the reasons why it's key that we participate in that rollout and building of that architecture is that it's going to give us opportunities to look at services on an international basis that are different than we've done here in the U.S.," Meyer said.
The services Sirius XM will offer internationally will likely be Internet and streaming based and not involve launching new satellites for those countries or offering satellite radio, he said.
Sirius XM is looking at Mexico but Meyer said it has no plans to announce anything yet.
Sirius XM has a 37.9 percent equity stake in satellite radio provider Sirius XM Canada.
John Malone, the chairman of Liberty Media, the company that controls Sirius XM, has previously said that Sirius XM should look at "globalizing."
Sirius XM shares rose 1.3 percent or 5 cents to $3.88 per share in early trading on Thursday.
(Reporting by Liana B. Baker; Editing by Chizu Nomiyama)
http://www.reuters.com/article/2013/09/26/entertainment-us-siriusxm-international-idUSBRE98P0NN20130926
Unidentified analyst
On the holdco, so want to follow-up on that in terms of timing, we’re sort of been to late September any sort of updates you can give us?
Jim Meyer - Chief Executive Officer
Yes. It’s been more complicated than we thought. I don’t want to get in the details of it. We’ve worked through those complications and I think shortly we’ll begin down that path to put that flexibility in place.
Unidentified analyst
Just go back on the margins …
Jim Meyer - Chief Executive Officer
Once we put in place, it’s kind of a 30-day kind of approval process we think to get that going.
Transcript from this morning's
Goldman Sachs Communacopia Conference
Unidentified analyst
One last one from me, we talked a lot about investments been made in IP and in telematics. As we sort of look beyond that any incremental growth opportunities for SIRIUS XM that are on your radar screen you think the company can participate in over the longer term?
Jim Meyer - Chief Executive Officer
Yes. And its one I get a lot including from our board which is, when are you going to go international. And you know what one of the -- one of the clear things about the connected cost strategy is it’s also the auto makers are using as global platforms.
And so one of the reasons why it’s key, I think that we participate in that rollout and that building, in that architecture is it is going to give us opportunities to look at services on an international basis that are different than what we’ve done here in the U.S.
For instance, I don’t believe we’re going to launch satellites anywhere else in the world and offer satellite radio. I think all of our services also will be streaming base, but I do see real opportunity internationally but it will be evolutionary not revolutionary.
-1452-1492 MHz band was recently harmonized for LTE
"I think all of our services also will be streaming base"
it should be illegal to hold back what this company still owns.knowing that you must assume they still control all!
They are still trading, so there is something there, we just don't know exactly what?
About Malone and his connection to AT&T
CAREER:
In 1963, Malone began his business career at Bell Telephone Laboratories of AT&T, working in economic planning and research and development.
In 1968, he joined McKinsey & Company, and in 1970, became Group Vice President at General Instrument Corporation (GI).
He was later named President of Jerrold Electronics, a GI subsidiary.
For twenty-four years, from 1973 to 1996, Malone served as President and CEO of Tele-Communications Inc. (TCI).
Malone serves on the Boards of Directors for the Bank of New York, and the Cato Institute, Expedia.com.
Additionally, Malone is Chairman Emeritus of the Board for Cable Television Laboratories, Inc. and Chairman of Liberty Global, Inc., and the DirecTV Group.
He served as Director of the National Cable & Telecommunications Association (NCTA) from 1974 to 1977 and again from 1980 to 1993. During the 1977-1978 term, Malone was the NCTA's Treasurer.
In business dealings he has been dubbed "Darth Vader"
In 1994, Wired portrayed Malone on their cover as "Mad Max" from The Road Warrior, with an interview describing his battles with the FCC.
that is a start and thanks now if we could prove what they still have?
Maybe this helps? (Just Europe)
Copied from Plum Consulting Report
Economic study of the benefits from use of 1452-1492 MHz for a supplemental mobile downlink for enhanced multimedia and broadband services...
Page 43
Range of estimates for net present value of 1.4 GHz band.
Low Value of 1.4GHz is 0.25 significantly below sub 1 GHz spectrum
Medium Value of 1 GHz lies at 0.40 8.0 lower bound of sub 1 GHz spectrum
High Value of 1 GHz spectrum 0.60 12.0 is similar to mid to upper end of sub 1 GHz range.Source:
Plum analysis, Appendix E We estimate the net present value of 1.4 GHz spectrum as between €5 to €12 billion for Europe.These estimates appear to be conservative, given that the estimated cost savings from the spectrum derived in the previous section are either at the upper end or higher than the range of values reported in Table 5-4. This suggests that early auctions may not have captured the full market value of spectrum.5.4.4 Estimated revenues from enhanced mobile multimedia services provided over an SDL at 1.4 GHzBased on the spectrum value and the expected cost of providing 1.4 GHz services over a 10 year period, we estimate the net present value of revenues from mobile multimedia services to be between 98€9 and €30 billion for Europe .98 Defined here to be the European Economic Area© Plum, 2011 40
i was praying some one could calculate though lol.
yea what i said almost un able to calculate.
5,000,0000,0000 Pass through X 40 MHZ = 200,000,000,000 MHZ POP
200,000,000,000 multiplied by .XX per MHZ POP = ?????
????? + (other assets)-(total debt/liabilities) =
Divided by 42,800,000 shares = X PPS
also further dilution if those authorized preferred shares were issued.
clear wires spectrum and number of people went for 7.2 billion.based on that how much is 40 mhs times 5 billion people worth?
I took note of that too. AT&T said they were looking in Europe but its "hard"......1st thing that came to my mind when they mentioned it early this year. AT&T is one of our partners and not to much was disclosed about the WCS License settlement & telematics deal. AT&T also has VERY close ties to Liberty/Malone. We are one of the very few spectrum plays in Europe. I don't know how exactly the deal will play out IF it plays out but all Liberty does it complex; nothing simple at all about them. I'm sure there will be many partners and many moving parts.
I only used .10 -.15 (MHz POP NOT PPS) as a low ball example to prove minimal value.
also they are throwing out abillion dollars a year and the non callables are gone in just over ayear so they are in a hurry for some reason!
there is also a chance at&t is involved they recently said they are looking over seas.10 or 15 cents seems way to low,but i understand!
Acquisition, reinstate major buyback or dividend only 3 things. Dividend that big is irresponsible is pretty much out of the question.........current 2 Billion $ buyback is almost exhausted a bigger re-up is possible or an acquisition larger than 3.5X. Given current valuation of spectrum sales what do you think 40 mghz of globally allocated spectrum covering 5 Billion people is worth? Even a huge *under*valuation at .10-.15 a POP I would imagine is quite probable.
your exactly correct jel,and why do they need more debt?for share buybacks maybe.but not the only reason imo!
FYI all this morning Sirius announced it would be refinancing/paying off the outstanding 7.625% senior notes due 2018. That was the last bit of debt outstanding with restrictive covenants attached to it. Once that's paid off IF we are linked to "Hold Co" this is one step closer if not the final step towards the creation of "Hold Co" going forward Sirius can now take on extra debt & make purchases over 3.5X EBITA.
Unreal is right!
Ask is currently at .035. Haven't seen that for a while. Come on someone buy those shares... :)
that doesnt seem to be happening at all its just not time yet!
Followers
|
24
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
4759
|
Created
|
11/20/08
|
Type
|
Free
|
Moderators |
1worldspace, formerly known as 'WorldSpace', is a bankrupt satellite radio network that is not currently broadcasting.
Worldspace provided service to over 170,000 subscribers in eastern and southern Africa, the Middle East, and much of Asia with 96% coming from India. The company has no subscribers. Interesting! The company has no revenue. Interesting!
Shares Outstanding:
42.82 million
http://www.google.com/finance?q=OTC:WRSPQ
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |