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May 27, 2008, 12:26 pm

By Scott Moritz

Don’t hold your breath, but a federal regulator says a final decision may be reached June 30 at the latest on the merger of XM (XMSR) and Sirius (SIRI). While most analysts expect the Federal Communications Commission to sign off on the deal, the question now is what conditions the agency will impose.

“The commission could act by the end of the second quarter.” said Federal Communications Commission chairman Kevin Martin, speaking to reporters at a conference Friday, according to Bloomberg.

The tie-up between the only two satellite radio shops, announced in early 2007, passed an antitrust review by the Justice Department in March and analysts say its only a matter of time before the FCC has agreed on what concessions will be required to approve the deal. The FCC is trying assuage critics who say the satellite radio monopoly squanders the competitive opportunities that were established by having two companies hold dual licenses for radio waves.
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