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Hughes Network Systems, LLC is an American telecommunications company that specializes in providing satellite-based communication services for consumer and enterprise markets. It is headquartered in Germantown, Maryland and provides satellite internet services under the brand HughesNet . [ 4 ]
Its Hughes Network Systems and EchoStar Satellite Services business are operated from its headquarters in Arapahoe County, Colorado. The company also provides television services and mobile services. It is a spin-off of Dish Network, which was founded in 1980 as EchoStar Communications Corporation. This company was founded in 2008 after what is ...
On April 22, 2005, DirecTV spun off Hughes Network Systems into a separate entity and sold 50% of the new entity to SkyTerra, acquiring $157.4 million in the transaction. [28] In January 2006, DirecTV sold its remaining 50% share in Hughes Network Systems to SkyTerra for $100 million.
The four joined Boeing Satellite Systems, a company subsidiary, later becoming the Satellite Development Center, part of Boeing Integrated Defense Systems. [7] In 2003 the remaining parts of Hughes Electronics (DirecTV, DirecTV Latin America, PanAmSat, Hughes Network Systems) were purchased by News Corporation from GM and renamed The DirecTV Group.
Hughes Communications was spun off as a separate company in February 2006, with SkyTerra divesting its entire stake in the company to its shareholders. [ 11 ] TerreStar Corporation , formerly Motient Corporation, was the controlling shareholder of TerreStar Networks Inc. and TerreStar Global Ltd., and a shareholder of SkyTerra Communications.
Ackman was one of the original investors in this real estate stock and has built up his stake over the past few years.
Baker Hughes (NYS: BHI) carries $7.5 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.
Sytek, Inc., known as Hughes LAN Systems, Inc. (HLS), after being acquired by Hughes Electronics [1] and known as Whittaker Communications, Inc. (WCI), since April 24, 1995, [2] created the NetBIOS API, used by Microsoft to make its early networks.