CRTC Approves Sirius XM Merger In Canada

OK's Merger

Shareholders of XM CANADA parent CANADIAN SATELLITE RADIO HOLDINGS voted to approve the company's merger with SIRIUS CANADA in FEBRUARY (NET NEWS 2/18). The deal was initially announced in NOVEMBER.

Now, the CRTC, CANADA's federal broadcast regulator, has OK'd the deal. The commission also gave a one-year licence renewal to the services.

The two services will now be owned by CANADIAN SATELLITE RADIO HOLDINGS INC.

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