Who owns Hughesnet?
Hughesnet offers managed network services for distributed enterprise businesses and government organizations. Its Hughes-managed services include SD-WAN, Wi-Fi, and location analytics, and cloud-based digital signage and employee training. Who owns Hughesnet? Hughes Communications was founded in 1971 under the name Digital Communication Corporation (DCC) by a group of seven engineers and a lawyer led by…
Hughesnet offers managed network services for distributed enterprise businesses and government organizations. Its Hughes-managed services include SD-WAN, Wi-Fi, and location analytics, and cloud-based digital signage and employee training.
Who owns Hughesnet?
Hughes Communications was founded in 1971 under the name Digital Communication Corporation (DCC) by a group of seven engineers and a lawyer led by John Puente and Dr. Burton Edelson, who all previously worked together at Comsat Laboratories. With $40,000 in startup capital, the company operated from a garage in Rockville, Maryland, designing circuit boards for telecom-related products.
In 2004, News Corp acquired a controlling interest in Hughes through a $6.5 billion purchase intended primarily for its DirecTV unit. DirecTV also began selling off its ownership interests, culminating in a $100 million sale to a private equity firm. As a result, Hughes became a wholly owned subsidiary of SkyTerra Communications Inc., which was controlled by the investment firm. Hughes Communications was spun-off as an independent public company in 2007 and was acquired by EchoStar for about $2 billion in 2011.
As of now, Hughes Communications is a subsidiary of EchoStar. It is headquartered in Germantown, Maryland. It provides a high-speed satellite internet service. That service is called HughesNet. It is the biggest service of its kind because it has more than 1.3 million subscribers in the Americas.
