Worldspace, Inc. is a global provider of satellite-based digital audio radio services (DARS). The Company's infrastructure is a fully operational system consisting of three main elements: two geostationary satellites, AfriStar (launched in 1998) and AsiaStar (launched in 2000); the associated ground systems that provide content to and control the satellites, and the receivers owned by its customers. The Company's broadcast coverage area encompasses parts of Asia, including India and China, all of Africa and the Middle East and Western Europe. Each of the Company's two operational satellites can service three large geographic areas through three beams capable of carrying up to 80 channels each. Worldspace provides radio programming, including a variety of music, news and entertainment channels. The Company's focuses to meet the demands of listeners from different linguistic and cultural backgrounds by providing channels of international interest, such as BBC, CNN, Virgin Radio, as well as channels with more national and regional focus, such as, in India, NDTV and RM Radio. The Company also develops and broadcasts WorldSpace-branded programming in response to demand in specific markets that is otherwise unavailable in such markets. In India, the Company broadcasts international music channels, such as Upop, Maestro, Riff and UpCountry and Indian niche channels, such as Ghandharv, Shruti and Farishta. As of June 30, 2005, the Company had more than 63,000 paying subscribers, including approximately 2,000 subscribers in the Middle East, approximately 26,500 subscribers in Africa and approximately 27,000 subscribers in India. The Company has commenced the rollout of its service in India and is initially targeting the population living in India's top eight metropolitan areas. In addition the Company has worked with local manufacturers, such as BPL Limited (BPL), to provide low-cost receivers in India. For it's next generation of receivers, the Company is working with Analog Devices Inc. (Analog Devices), the manufacturer of its second-generation chipsets, and other receiver manufacturers to develop enhanced capabilities and services. Space segment Both the Company's AfriStar and AsiaStar satellites are Matra Marconi Eurostar 2000+ buses built by Alcatel Space and EADS Astrium, formerly known as Matra Marconi Space. Both are geostationary orbit satellites broadcasting programs in the L Band frequency (1452-1492 megahertz (MHz) range). Each of the two satellites has three downlink spot beams, with each beam covering approximately 14 million square kilometers of the earth. The AfriStar satellite, launched in October 1998, is located at the 21degrees east longitude orbital location with beams covering all regions of Africa, the Mediterranean basin countries, the Middle East and parts of Europe. The AsiaStar satellite, launched in March 2000, is located at the 105 degrees east longitude orbital location with beams covering the parts of Asia and the southern part of Russia. The third satellite, which is fully assembled and ready for launch, is in storage at EADS Astrium's facilities in Toulouse, France. A fourth satellite of identical design, for which long lead parts have been procured and partially assembled, is also maintained in storage in Toulouse, France, and can be integrated and tested for launch in an abbreviated period of time. Ground segment Operation of each satellite in-orbit is monitored and controlled by the ground control system, comprising a regional operations center (ROC), two telemetry, command and ranging (TCR) stations, and one communications system monitoring (CSM) station that performs monitoring of the downlink signal quality and control of each satellite. The Company's regional operations centers are located in Washington, D.C. for AfriStar, and Melbourne, Australia, for AsiaStar. The regional operating centers, through their satellite control centers, manage the performance and status of the satellite by controlling the satellite and monitoring the status of the onboard communications pay