Yet another independent proxy advisory service - ISS - has lent its recommendation that Sirius and XM stockholders vote "FOR" the merger.
Earlier this week, Glass Lewis also recommended that Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. shareholders vote in favor of the merger.
The ISS analysis said, “From a strategic viewpoint, it appears that combination would allow shareholders of both companies to participate in the expected benefits of a larger entity. Our review of Wall Street research reports suggest that operational and cost savings would yield estimated synergies of approximately $6 billion.”
If regulatory approval is obtained, the combined company would be able to compete against a broader media market that includes high-definition radio, Internet-based radio, free radio and digital media devices such as Apple Inc. iPods," added ISS.
Please check out http://findarticles.com/p/articles/mi_m0UNZ/is_1999_April_12/ai_54414239 regarding the Georgetown Partners and their letter to FCC to not approve merger as is.
The last few lines states how the company they have equity in for wireless services which includes video service....I think they are looking out for their interests (as people subscribe to their wireless services) and not for the publics interest.
"GTE provides local service in 28 states and wireless service in 17 states; nationwide long-distance service and internetworking services ranging from dial-up Internet access for residential and small business consumers to Web-based applications for Fortune 500 companies; [b]as well as video service in selected markets[/b].