Sirius Satellite Radio

(SIRI) - Get Report

signed a programming agreement with



to provide a service that will be available to wireless users nationwide later this year.

Some of the music channels being considered for the new service include new hits, classic rock, hip-hop and country. Both companies plan to disclose more specifics of the service, including the price, later in the year.

Shares of Sirius were down 4 cents to $5.95 in