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AAPL Stock: 111.06 ( -1.28 )

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Satellite Internet provider Hughes said up for sale

updated 05:40 am EST, Fri January 21, 2011

Shares surge 30 percent on the news

Satellite Internet provider Hughes is said to be up for sale, according to a report. The company, which is majority owned by private equity Apollo is said to have hired Barclays Capital to provide advice on a potential sale. Early bids have emerged from other interest private equity firms and competing satellite ISPs.

One of the largest satellite broadband providers in the world, the Maryland-based company has seen its shares surge up to 30 percent on the news. Among its managed network clients are a number of big corporate players including Wal-Mart, General Motors, and Best Buy.




by MacNN Staff

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  1. starwarrior

    Joined: Dec 1969

    -3

    Last Leg of the Plan

    It would be the last piece for world domination.

    They have an extra 59 Billion Dollars laying around.

    Can buy a nice satellite media distribution system for a little under 10 Billion.

    (Check Hughs, Direct TV, Iridium, Globalstar and defunct Teledesic deployment costs)

    (For start see: http://www.dslreports.com/shownews/R...08?nocomment=1)

    Suggesting Apple buy Orbital Sciences or SpaceX if they have not already done it.

    Please give them my email address.

  1. rumplestiltskin

    Joined: Dec 1969

    +3

    Do your research

    HughesNet as an ISP is a terrible choice. What they don't tell their customers (until they're locked in) is that downloading more than 100MB in any 24 hour period violated their "fair use" agreement and the system automatically throttles your service down to 100kbps (less than what is usable) for the next 24 hours. Automatic updates for your Mac? Forget it.

    Miserable excuse for an ISP.

  1. testudo

    Joined: Dec 1969

    0

    Re: Do your research

    HughesNet as an ISP is a terrible choice.

    Well, it is now. But after Apple buys it.....

    What they don't tell their customers (until they're locked in) is that downloading more than 100MB in any 24 hour period violated their "fair use" agreement and the system automatically throttles your service down to 100kbps (less than what is usable) for the next 24 hours.

    It's in the contract. And it is only 'far less than usable' if you're downloading some large data.

    Automatic updates for your Mac? Forget it.

    Again, now. But after Apple buys it....

    The actual point is that it would be a horrible thing for Apple to buy.

    Most people (except the die-hard fan boys or the no-other-choicers) would stay away from it, because of latency and slow speed. So as a purchase to continue as an ISP? Waste of cash.

    So all that's left is to maybe use it as a free distribution system (like Kindle's Whispernet). But no one will use it, because it requires a huge dish.

    And if you're comparing it to Iridium or Globalstar or the rest, which have smaller dish or antenna requirements, the reception on those things are not the greatest when you get to developed areas. h***, my XM radio dies when I park in front of my house.

    Ergo, it is of no value to Apple.

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