Hughes Communications Closes Public Offering

GERMANTOWN, Md., May 28 /PRNewswire-FirstCall/ -- Hughes Communications, Inc. (NASDAQ:HUGH) ("Hughes"), a global leader in broadband satellite network solutions and services, announced today the closing of its previously announced public offering of 2,239,600 shares of its common stock at a price of $50.00 per share. The offering included an aggregate of 2,000,000 shares sold by Hughes and an aggregate of 239,600 shares sold by certain selling stockholders, including members of Hughes' senior management. The shares were 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.

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.

About Hughes Communications, Inc.

Hughes Communications, Inc. (NASDAQ:HUGH) is the 100 percent owner of Hughes Network Systems, LLC. Hughes is a 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 Communications, Inc., Hughes and HughesNet are registered trademarks of Hughes Network Systems, LLC.

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Source: Hughes Communications, Inc.

CONTACT: Judy Blake of Hughes Network Systems, LLC, +1-301-601-7330,
jblake@hns.com

Web site: http://www.hns.com/


2008-05-28 18:06:19 0372283 PRNEWSWIRE

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