For one, it seems the companies will, within a year of the merger, create “dual-service” receivers that function with both Sirius and XM stations. That seems like a no-brainer if the companies become one, but the second part of the interoperability statement is what is really interesting. It seems the companies will allow any third-party to manufacture compatible equipment, with no restriction, giving radio manufacturers all the room they want in designing custom receivers.
Some other conditions include a price rate lock and not making exclusive deals with hardware manufacturers for receivers. None of that is nearly as exciting as an “open” receiver, however.