Filed under: Deals

Shares of both Sirius Satellite Radio (NASDAQ:SIRI) and XM Satellite Radio (NASDAQ:XMSR) are trading higher in pre-market trading today. You could say it is the market, but it could also be tied to a letter that went out the FCC. House Commerce Chairman Dingell (D-MI) and Telecommunications Subcommittee Chairman Markey (D-MA) sent a letter to FCC Chairman Martin calling for an “Open Device” condition should the FCC approve the merger.

The letter sent to Chairman Martin also calls for an adherence to “at least” the pricing structure and pricing locks that have been already shown.

The stated goal of the letter is consumer protection.

Continued at 24/7 Wall St.

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This entry was posted on Tuesday, May 6th, 2008 at 11:14 am and is filed under Engagements and Deals News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.