ONDAS Media S.A.
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Founded in 2004, ONDAS Media S.A. (“ONDAS”) is a European company based in Madrid that plans to be Europe’s first and premier satellite radio provider of multilingual radio, video, and other data and telematics services primarily to vehicles and hand-held mobile devices.
ONDAS plans to construct, launch and operate a fully integrated digital satellite system that will broadcast its high-quality, multilingual radio, music, video, data and telematics services directly to consumers in their automobiles, trucks, homes and offices as well as to their mobile devices on a Pan-European basis.
ONDAS intends to broadcast next-generation media services, building on the successful roll-out and proven business models and service offerings of the two satellite digital radio broadcasters in the U.S., XM Satellite Radio and Sirius Satellite Radio.
In approximately five years, U.S. satellite radio has grown from zero customers to over 15 million paying subscribers. Both U.S. companies have received significant support from U.S. and European automobile manufacturers, many of which are now installing satellite radio receivers as standard equipment in their new vehicles, and from consumers, who made satellite radio the fastest growing consumer electronics product recently offered in the U.S.
ONDAS intends to develop and deploy the first next-generation digital satellite system which should enable the company to offer a range of additional applications and revenue enhancing products and services.
ONDAS is scheduled to begin programming and web-enabled services before service launch and full subscription-based, advertising-free commercial services in late 2010, addressing a European market opportunity of approximately 240 million vehicles and up to 500 million inhabitants.
In December 2007, ONDAS issued an Authorization to Proceed for Space Systems/Loral to start developing the satellite infrastructure. [1]
