While the U.S. versions of Sirius and XM are happily skipping along holding hands, our neighbors up North may not be sharing the same sentiment.

Following the Justice Department's greenlight of the Sirius-XM merger, XM Canada announced that they'll have no part of such shenanigans - at this time.

"We have a strong business model in Canada and are committed to an aggressive growth strategy aimed at increasing our subscriber base and delivering outstanding programming right across the country," said Michael Moskowitz, the newly minted President and CEO of XM Canada.

"We are excited about XM Canada's prospects as 60 per cent of all new vehicles made by Canada's automotive manufacturers are equipped with XM satellite radios, we now have exclusive NHL satellite radio broadcast rights and we now have 400,000 subscribers," added Moskowitz. "We will diligently review any opportunity that arises from this decision and evaluate the impact on our economic positioning and the benefit derived for our customers and shareholders."

So while some analysts opine on the prospects of a reverse takeover - where XM Canada would issue shares to buy Sirius Canada - this statement by Moskowitz clearly indicates that's not in the cards. Yet.

[Broadcaster Magazine]