TORONTO – XM Canada says the recent U.S. Department of Justice approval of the merger between U.S. companies XM Satellite Radio Inc. and Sirius Satellite Radio Inc. will have no immediate impact on XM Canada’s service to subscribers.
“We have a strong business model in Canada and are committed to an aggressive growth strategy aimed at increasing our subscriber base and delivering outstanding programming right across the country,” said Michael Moskowitz, President and CEO of XM Canada, in a statement Monday.
“We are excited about XM Canada’s prospects as 60 per cent of all new vehicles made by Canada’s automotive manufacturers are equipped with XM satellite radios, we now have exclusive NHL satellite radio broadcast rights and we now have 400,000 subscribers.
“We will diligently review any opportunity that arises from this decision and evaluate the impact on our economic positioning and the benefit derived for our customers and shareholders,” he said.
XM Canada, which has an exclusive Canadian license from U.S.-based XM Satellite Radio, will provide further comment when there are new developments from the U.S. Federal Communications Commission or the U.S. Department of Justice.
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