John Corn
08-30-03, 06:45 AM
NEW YORK (Reuters) - XM Satellite Radio Holdings Inc.'s move to expand to Canada could boost the number of people who subscribe to its service, but it could also be a burden for the debt-laden company, analysts said.
The No. 1 U.S. satellite radio company said in a filing last week it applied for a license to sell its services north of the border through a Canadian venture, which a spokesman said could boost the company's potential market by 10 percent.
And XM said in the filing that it does not expect to make a cash investment in the venture. XM's satellite network already reaches as far as Canada, an XM spokesman said.
http://story.news.yahoo.com/news?tmpl=story&u=/nm/20030829/media_nm/media_xmsatellite_canada_dc_1
The No. 1 U.S. satellite radio company said in a filing last week it applied for a license to sell its services north of the border through a Canadian venture, which a spokesman said could boost the company's potential market by 10 percent.
And XM said in the filing that it does not expect to make a cash investment in the venture. XM's satellite network already reaches as far as Canada, an XM spokesman said.
http://story.news.yahoo.com/news?tmpl=story&u=/nm/20030829/media_nm/media_xmsatellite_canada_dc_1