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Hughes Communications Announces Proposed Public Offering
Germantown MD (SPX) May 14, 2008 Hughes Communicationshas announced that it and certain members of senior management are offering shares of its common stock in an underwritten public offering. The offering will consist of an aggregate of 2,239,600 shares, of which approximately 2,000,000 shares are being offered by Hughes and approximately 239,600 shares are expected to be offered by certain selling stockholders, including members of its senior management. Hughes has also granted an option to the underwriters to purchase approximately up to an additional 335,940 shares of common stock. The shares will be sold under Hughes' effective shelf registration statement. Hughes currently intends to use the net proceeds for the acquisition of a satellite or general corporate purposes. Hughes will not receive any proceeds from the sale of the shares by the selling stockholders. Goldman, Sachs and Co. and Lehman Brothers are acting as joint book-running managers, with Banc of America, Cowen and Company, Morgan Stanley, UBS Investment Bank, and Wachovia Securities acting as co-managers for the offering. Hughes has filed with the Securities and Exchange Commission a preliminary prospectus supplement relating to the offering. When available, a copy of the preliminary prospectus for the offering may be obtained from Goldman, Sachs and Co., 85 Broad Street, New York, New York 10004, Attn: Prospectus Department (Tel: 212-902-1171) and from Lehman Brothers Inc., c/o Broadridge Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 1-888-603-5847). Related Links The latest information about the Commercial Satellite Industry
Hughes Surpasses 400,000 Consumer And Small Business Satellite Broadband Subscribers
Germantown MD (SPX) May 13, 2008Hughes Network Systems has announced that the number of HughesNet residential and small business subscribers passed the 400,000 mark in the first quarter of this year, affirming Hughes' position as the leading provider of broadband satellite Internet access to consumers and small businesses in the U.S. |
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