SK Net Service Company Ltd: The only two satellite radio companies of U.S. mergered
This Internet news is provided from the SK Net Service Company Ltd
July 28 - last Friday, the U.S. Federal Communications Commission (FCC) announced that the Committee formally approved the only two satellite radio services XM and Sirius of the United States to merger.
According to reports, Sirius and XM in the last Thursday in a statement that the two companies are working with the U.S. Federal Communications Commission with a view to acquisition-related issues as soon as possible on reaching a settlement. U.S. Federal Communications Commission Chairman Kevin Martin (Kevin Martin) also said that the bodies of five people Committee prepared to permit this merger case, according to the statement issued by the two companies, the two sides must meet some conditions, one of which is XM and Sirius to the U.S. Treasury Department were required to pay 17 million U.S. dollars and 2 million U.S. dollars.
Kevin Martin also confirmed last Friday at the voting results. He said that the matter would benefit consumers, in line with the interest of the public, consumers will receive lower prices of broadcasting services and more variety of programmes. According to the companies said, users need to purchase new receiver, you can listen to the two service programs, but if consumers want to receive the specialized channels on pay-La, will need to purchase new equipment.
It is learnt that many terrestrial radio this acquisition are opposed to, the opponents also include consumer protection organizations, some Members of Congress and some U.S. states of the Prosecutor. Opponents, only two satellite radio services to the merger will damage the interests of consumers, not in the public interest.
The two companies started to apply for merger in the March 2007, the Justice Department in March this year unconditionally approve this agreement, announced that the two companies had no real competition, because their customers can only buy different equipment, almost non-users Will replace the service provider. Department of Justice also believes that there are many forms of entertainment to compete with the satellite broadcasting of audio, such as digital broadcasting, online radio and even Apple’s iPod and other devices.