Ondas: raising €50m-€75m
“WorldSpace not a threat at all”
Chris Forrester
Ondas Media says it is very busy assembling a
portfolio of strategic partners and investors as
part of the third financing round, which it hopes to
have in place by the autumn. Torsten Freymark,
chairman, speaking exclusively to Inside
Satellite TV, says they are talking to media
players, the auto industry, government and satellite
communities. “Without these key players present from
the four pillars then satellite radio in Europe is
not going to happen. We have some partnerships
already made public and now we have others in
discussion on the OEM side and on the space
infrastructure side pending as well. These elements
are coming together very nicely and over the next
few months we will be in a position to communicate
in more detail.”
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