GERMANTOWN, MD – Hughes Communications Inc. (NASDAQ: HUGH) (“Hughes”), a global broadband satellite network solutions and services company, closed its previously announced public offering of 2,239,600 shares of its common stock at a price of $50 a share for $112 million.
Hughes intends to use the net proceeds from the sale of its shares for the acquisition of a satellite or general corporate purposes.
Hughes Communications is the 100 percent owner of Hughes Network Systems. Hughes sells broadband satellite networks and services for enterprises, governments, small businesses and consumers.
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