This excerpt taken from the SIRI 8-K filed Mar 21, 2007.
Ameritech Corp., Transferor, and SBC Commcns, Inc., Transferee, For Consent to Transfer Control of Corps. Holding Commn Licenses and Lines Pursuant to Sections 214 and 310(d) of the Commcns Act and Parts 5, 22, 24, 25, 63, 90, 95 and 101 of the Commns Rules, Memorandum Opinion and Order, 14 FCC Rcd 14,712, 14,847 (¶¶ 319-20) (1999).
In assessing a proposed transaction, the FCC must consider technological and market trends, as well as the nature, complexity, and speed of change within the communications industry.19 The Commission must also determine whether a proposed transaction complies with the relevant provisions of the Communications Act, other applicable statutes, and the Commissions rules,20 and whether the proposed transferee is qualified to hold FCC licenses under the Act, relevant statutes, and rules.
The proposed transaction satisfies the standardand will yield substantial public interest benefits without any potential harm to the public. Accordingly, the Commission should expeditiously grant the Application.