Washington - One year after announcing plans to merge with rival Sirius (NASD: SIRI), XM Satellite Radio (NASD: XMSR) continues to spend large amounts of money in an effort to land regulatory approval to complete the proposed $5 billion deal, the Associated Press reported.

XM reportedly spent $1.2 million to lobby Congress and federal regulators last year, according to records released by the Senate's public records office.

The companies had hoped to have the deal finalized by the end of 2007, but are still awaiting decisions from the Department Justice and Federal Communications Commission (FCC).

Related Links:
http://biz.yahoo.com/ap/080215/xm_satellite_radio_lobbying.html (AP)

http://www.xmradio.com