A PYMNTS Company

US: Sirius XM Radio enters telematics car safety service market

By  |  August 16, 2013

Through its $530 million buyout of telematics services company Agero, Sirius XM Radio, a digital radio conglomerate, enters a market seen as a “natural fit” for the company to offer services through an automobile via cellular and satellite networks. Agero focuses on safety, security and convenience services for drives. The buyout will see Sirius extend services to car brands including Acura, BMW, Honda and Lexus, among others – more than any other telematics provider. The parties expect to finalize the deal by the fourth quarter of this year, though the buyout remains subject to regulatory approval.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Radio Link

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.