Articles

Sirius Satellite Radio received approval from the Justice Department to purchase XM Satellite Radio for $5 billion. Determining the deal would not hurt consumers or competition, the Justice Department approved without conditions the deal which will now go before the Federal Communications Commission for approval.

The proposed buyout is facing opposition from consumer groups as well as the land-based radio industry which has been lobbying to stop the merger.

For 2008, the story on VoIP will be about technology with increased business market penetration, improved consumer suceess and growing dominence by cable providers with in the US residential market.

Shareholders of Covad have voted to approve the $304 million bid by Platinum Equity to buy the struggling broadband carrier and take it private.