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ARTICLE · 03 MAY 2011

And Then There Was One: Crtc Approves Satellite Radio Merger

Stikeman Elliott LLP
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For those just tuning in, the Canadian transaction is part of a larger initiative, commencing in 2007, between XM Satellite Radio Inc. and Sirius Satellite Radio Inc., the operators of the eponymous services in the United States, to merge their operations.

CanadaAntitrust/Competition Law
David Elder
David Elder
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In the latest chapter in the challenging history of satellite radio in Canada, the CRTC recently approved the long-pending merger of Canada's two satellite radio services, Sirius Canada Inc. (Sirius Canada) and XM Satellite Radio Canada (XM Canada), effectively creating a monopoly for Satellite Subscription Radio (SSR) services in Canada.

Under the terms of the deal, both Sirius Canada and XM Canada will be wholly owned by Canadian Satellite Radio Holding Inc. (CSRHI), currently the holding company for the licensee of Sirius Canada.

For those just tuning in, the Canadian transaction is part of a larger initiative, commencing in 2007, between XM Satellite Radio Inc. and Sirius Satellite Radio Inc., the operators of the eponymous services in the United States, to merge their operations.  Each of these U.S. companies held minority interests in their Canadian counterparts.  Following Federal Communications Commission and Department of Justice Antitrust Division approva

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