XM Canada in a strong strategic position to maximize opportunities to
shareholder and customer benefit
TORONTO, July 28 /CNW/ - XM Canada (TSX: XSR) today announced it is
diligently reviewing its options following the Federal Communications
Commission (FCC) 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 Michael Moskowitz, President and CEO of XM Canada. "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."
XM Canada will provide further comment if and when there are any new
developments. XM Canada has an exclusive Canadian license from U.S.-based XM
Satellite Radio Inc., the worldwide leader in satellite radio.
Canadian Satellite Radio Holdings Inc.
Canadian Satellite Radio Holdings Inc. (TSX: XSR) operates as XM
Canada(TM). XM is Canada's premium digital audio entertainment and information
company with the best signal coverage across the country.
With 130 channels, XM Canada offers listeners the most unique Canadian
and international programming including exclusive satellite radio coverage of
EVERY NHL(TM) GAME, as well as PGA TOUR(TM) and Major League Baseball(TM), the
deepest play list, and news, talk, sports, entertainment and children's
content. Acura, Buick, Cadillac, Chevrolet, GMC, Harley Davidson, Honda,
Hummer, Hyundai, Infiniti, Lexus, Nissan, Pontiac, Toyota, Saab, Saturn,
Suzuki and Subaru will offer XM radios in more than 150 different vehicles for
model year 2008.
XM Satellite Radio Inc. is the number one satellite radio company in
North America with more than 9 million subscribers. In Canada, XM is offered
on TELUS Mobile Radio(TM) and Rogers Communications wireless and is also the
exclusive music channel provider on Air Canada's flights and is available in
select Avis Budget Group rental vehicles.
A free seven-day trial of XM Radio Online is available at
http://listen.xmradio.ca. Visit www.xmradio.ca for programming and
subscription information. To find out more about Canadian Satellite Radio Inc.
(TSX: XSR), visit our website at www.cdnsatrad.com.
For further information:
For further information: For investor information, please contact: (416)
408-6899, firstname.lastname@example.org; For media information, please
contact: Wilcox Group, (416) 203-6666, XMradio@wilcoxgroup.com