A merger between XM and Sirius would result in “less service, less affordability, less diversity and less choice in content and hardware,” according an 11-page study from The Carmel Group, a telecommunications research entity.
NAB retained the firm to review the proposed merger. Notable in the analysis, NAB says, was a “ping-pong chart” in Appendix B, which highlights several actions initiated by Sirius or XM and the subsequent parallel response of its competitor.
