XM Satellite Surpasses 2 Million Subscribers

CONSTELLATIONS

After the failure of satellite phones to become the next big thing, the success of satellite radio is a welcome change.

Washington (SPX) Jun 16, 2004
XM Satellite Radio announced Monday that it recently surpassed 2 million subscribers, the latest milestone for the leading provider of satellite radio.

XM launched nationwide in November 2001, reached 1 million customers in October 2003, and eight months later has topped 2 million.

"The second million is even sweeter than the first," said Hugh Panero, President and CEO of XM Satellite Radio.

"It took us almost two years to reach 1 million subscribers, and only eight months to double that figure. With more than 200 million vehicles on the road and 100 million households, we've just begun to scratch the surface of our market. Our rapid growth in both the retail and automotive markets puts us on our path to reach 20 million subscribers by 2010."

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CONSTELLATIONS

XM And Antex To Offer Multi-Zone Satellite Radio Receivers For The Home

Washington (SPX) May 28, 2004
XM Satellite Radio on Friday announced an agreement under which Antex will develop and market high-end satellite radio products for receiving XM's critically- acclaimed programming.

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