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XM CANADA RESPONDS TO XM SATELLITE RADIO / SIRIUS SATELLITE RADIO MERGER ANNOUNCEMENT Canadian impact being determined; merger positive for satellite radio industry CNW XM Canada is carefully reviewing the proposal by XM Satellite Radio Inc. and Sirius Satellite Radio Inc. after the two U.S. companies announced plans to merge their operations earlier today.
"This is great news for the satellite radio industry in North America and could offer further benefits to consumers, retailers, partners and shareholders," said John I. Bitove, Chairman of Canadian Satellite Radio Holdings Inc. "As Sirius and XM seek U.S. government approval, we will diligently review the possible alternatives available to Canadian Satellite Radio to benefit our customers and shareholders."
XM Canada will provide further comment if and when there are any developments. XM Canada has an exclusive Canadian license from U.S.-based XM Satellite Radio Inc., the worldwide leader in satellite radio. |
