You will be redirected back to your article in seconds

XM spending more dough

Co. issuing stock to acquire WCS Wireless

Looking to deliver multimedia services such as data and video in the near future, XM is buying a new chunk of spectrum to handle its expansion in an all-stock deal worth $196 million.

Satellite radio company is issuing 5.5 million shares of stock to acquire WCS Wireless, a spectrum license-holding company.

WCS’s spectrum reaches 163 million people in 15 of the 20 top metropolitan markets.

Sat radio companies use spectrum in cities where their signals can be blocked by tall buildings or interfered with by the large amount of wireless data.

XM hasn’t yet revealed specific plans for rolling out advanced multimedia services. Competitor Sirius plans to debut video offerings aimed at children from partners including Disney and Nickelodeon in 2006.

More Scene

  • Made By Google

    Rashida Jones, Jaden Smith and More Stars Party at Made by Google Opening Night

    Looking to deliver multimedia services such as data and video in the near future, XM is buying a new chunk of spectrum to handle its expansion in an all-stock deal worth $196 million. Satellite radio company is issuing 5.5 million shares of stock to acquire WCS Wireless, a spectrum license-holding company. WCS’s spectrum reaches 163 […]

  • 'Boo 2! A Madea Halloween' film

    Tyler Perry Hopes 'Boo 2!' Can Help Bring Laughter to Nation's 'Darkness'

    Looking to deliver multimedia services such as data and video in the near future, XM is buying a new chunk of spectrum to handle its expansion in an all-stock deal worth $196 million. Satellite radio company is issuing 5.5 million shares of stock to acquire WCS Wireless, a spectrum license-holding company. WCS’s spectrum reaches 163 […]

  • 'Geostorm' film premiere

    'Geostorm' Director Hopes Harvey Weinstein Scandal Signals 'Sea Change' for Hollywood

    Looking to deliver multimedia services such as data and video in the near future, XM is buying a new chunk of spectrum to handle its expansion in an all-stock deal worth $196 million. Satellite radio company is issuing 5.5 million shares of stock to acquire WCS Wireless, a spectrum license-holding company. WCS’s spectrum reaches 163 […]

  • ‘Working Above The Line’ panel, The

    Academy's Third Annual Careers in Film Summit Inspires Young Creatives

    Looking to deliver multimedia services such as data and video in the near future, XM is buying a new chunk of spectrum to handle its expansion in an all-stock deal worth $196 million. Satellite radio company is issuing 5.5 million shares of stock to acquire WCS Wireless, a spectrum license-holding company. WCS’s spectrum reaches 163 […]

More From Our Brands

Access exclusive content