GERMANTOWN, Md., May 21 /PRNewswire-FirstCall/ -- Hughes Communications,
Inc. (Nasdaq: HUGH) ("Hughes"), the global leader in broadband satellite
network solutions and services, announced today that the public offering of
2,239,600 shares of its common stock has priced at $50.00 per share. In the
offering, Hughes is selling 2,000,000 shares and certain selling stockholders,
including members of its senior management, are selling a total of 239,600
shares. Hughes has also granted an option to the underwriters to purchase up
to an additional 335,940 shares of common stock. The shares will be sold under
Hughes' effective shelf registration statement. Hughes intends to use the net
proceeds from the sale of its shares for the acquisition of a satellite or
general corporate purposes.
Goldman, Sachs & Co. and Lehman Brothers acted as joint book-running
managers for the offering, and Banc of America Securities LLC, Cowen and
Company, Morgan Stanley, UBS Investment Bank and Wachovia Securities acted as
co-managers.
A registration statement relating to this offering was filed with and
declared effective by the Securities and Exchange Commission. The offering is
being made solely by means of a prospectus. This press release shall not
constitute an offer to sell or a solicitation of an offer to buy, nor shall
there be any sale of these securities in any state or jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or jurisdiction. A
copy of the final prospectus related to this offering may be obtained from
Goldman, Sachs & 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 Attn: qiana.smith@broadridge.com (Tel: 1-888-603-5847).
About Hughes Communications, Inc.
Hughes Communications, Inc. (Nasdaq: HUGH) is the 100 percent owner of
Hughes Network Systems, LLC. Hughes is the global leader in providing
broadband satellite networks and services for enterprises, governments, small
businesses and consumers. HughesNet(R) encompasses all broadband solutions and
managed services from Hughes, bridging the best of satellite and terrestrial
technologies. Its broadband satellite products are based on global standards
approved by the TIA, ETSI, and ITU standards organizations, including
IPoS/DVB-S2, RSM-A, and GMR-1. To date, Hughes has shipped more than 1.5
million systems to customers in over 100 countries. Headquartered outside
Washington, DC, in Germantown, Maryland, USA, Hughes maintains sales and
support offices worldwide.
Hughes and HughesNet are registered trademarks of Hughes Network Systems,
LLC.
SOURCE Hughes Communications, Inc.
Judy Blake of Hughes Network Systems, LLC, +1-301-601-7330, jblake@hns.com
