Sirius Radio To Launch Satellite - InformationWeek

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Sirius Radio To Launch Satellite

The satellite, which would be launched by International Launch Services, would complement Sirius's existing three satellites.

Sirius Satellite Radio on Thursday said it has signed an agreement with Loral Space & Communications for the construction of a communications satellite that would be finished by the fourth quarter of 2008.

The satellite, which would be launched by International Launch Services, would complement Sirius's existing three satellites, which were also built by Loral Space. The latest satellite is to provide added redundancy and better coverage and performance.

"Not only will this satellite support our other three satellites currently in orbit, but it will also improve reception for all SIRIUS subscribers whether they are in their car, office, home or jogging in the park," Mel Karmazin, chief executive of New York-based Sirius, said in a statement.

The cost of the satellite, including its launch, is expected to be about $260 million.

Sirius is the second largest provider of satellite radio with 3.3 million subscribers, as of the end of last year. XM Satellite Radio, based in Washington, D.C., and the largest provider, had nearly 6 million at the end of 2005.

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