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NATE DAVIS NAMED PRESIDENT/CEO OF XM SATELLITE: Brother takes over newly-created position as subscribers reach 7 million.

(July 28, 2006)

*XM Satellite Radio has announced the appointment of Nate Davis to the newly created position of President and Chief Operating Officer.

The seasoned telecommunications executive, having served in senior management roles at XO Communications, Nextel and MCI, takes over a company that has just seen its subscriber base reach seven million.

. "I am passionate about XM and the wonderful content it delivers to its subscribers. I look forward to working even more closely with Hugh and the dynamic management team that created this industry," Davis said in a statement. "While there are near term operational challenges to work through, the growth opportunities in front of us are tremendous."

At Nextel Communications, Davis was the Executive Vice President of all technical operations which included engineering, operations, procurement, and IT. Davis also served as CFO of MCI Telecommunications, President and COO of MCImetro, and in a host of roles at MCI and AT&T earlier in his career. He most recently served as Executive In Residence at the venture capital firm Columbia Capital.

The announcement of XM’s seven million subscribers keeps the company as America’s number one satellite radio service. Broadcasting live daily from studios in Washington, D.C., New York City, the Country Music Hall of Fame in Nashville, Toronto and Montreal, XM's 2006 lineup includes more than 170 digital channels of music, sports, talk, comedy, children's and entertainment programming; as well as local traffic and weather information.

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