XM/Canada Reviewing Options
July 28, 2008 at 6:23 AM (PT)
XM CANADA is reviewing its options following the FCC'S decision to approve a merger between U.S. companies XM SATELLITE RADIO INC. and SIRIUS SATELLITE RADIO INC.
"XM CANADA is in a strong strategic position to maximize any opportunities that arise for the enhanced benefit of our shareholders and customers," said XM/CANADA Pres./CEO MICHAEL MOSKOWITZ. "We are now evaluating how best to leverage the FCC's decision so that we optimize our critical, market-leading advantages, which include innovative partnerships, long-term automotive contracts, steadily increasing retail market share, superior signal coverage and 130 channels of unbeatable programming. Our aggressive growth strategy is delivering improved financial performance and we are committed to providing the best service possible to our subscribers."