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XM Canada have announced few minutes ago, thay have achieves 400 000 subscriber in Canada after 2 years of starting this radio.
"An increasing proportion of our subscriber base is coming from our
rapidly growing automotive channel, which is a key segment for long-term
success in our industry," said Michael Moskowitz, President and Chief
Executive Officer of XM Canada. "In addition to strong growth in automotive,
we continued to gain momentum this quarter in retail sales due to our NHL
exclusivity, strategic partnerships and strong Canadian consumer appetite for
satellite radio during the holiday season. This is a pivotal year for XM
Canada and we are confident our subscriber growth will continue to accelerate,
enabling the company to achieve positive cash flow as early as the fourth
quarter of 2008."
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