Posted on 02/14/2011 11:01:17 AM PST by NormsRevenge
ENGLEWOOD, Colo. (AP) -- EchoStar Corp. will buy satellite Internet services company Hughes Communications Inc. for about $1.34 billion so it can boost its ability to transport data and video via broadband, the company said Monday.
The value is based on Hughes' 22 million outstanding shares. EchoStar, which makes equipment for cable, telecom and satellite TV providers, said the deal is worth $2 billion including debt, which the company said it will refinance.
(Excerpt) Read more at finance.yahoo.com ...
(excerpt)
EchoStar Corporation is a technology company that is the owner and maintainer of the satellite fleet for closely affiliated Dish Network. The company also designs and manufactures set-top boxes to receive the Freeview broadcasts in the United Kingdom, as well as receivers for Bell TV in Canada. EchoStar also is home to Sling Media, which designs and builds the Slingbox TV streaming device. EchoStar was formerly the parent company of Dish Network until the unit was spun off in December 2007.
Sure hopes this means I’m going to be getting more for my $77 a month :( If I could get anybody else for my internet connection I would.
Hard to imagine HughesNet sucking any more than it already does. I used to havea pretty profitable business doign VSAT-based internet for folks. The marketing practices of the two companies I represented - WildBlue and StarBand - effectively drove us out of the business. We stil ldo an occasional weekend instalaltion, but the management of both these companies appears to be permanently connected 24/7 to an enterprise-class stupidity server.
I called them they are all filled up for our area and won’t take anymore customers from here :(
The thing I hate the most is the price and the limited use. 225MB a day, if you run out of MB, it slows down to dial up, unless you want to pay $5.00. I can’t watch any type of video(youtube) other than a few minutes a day. If I want to download music I have to do a song or two a day. Can’t stream movies, ect. Oh yea, it’s free from 2-7a.m.. They have this lousy program that they claim will download for you at night, timed. I’ve only been able to get it to work some of the time and I’ve never been able to figure out exactly why it doesn’t work most of the time. No help lines, no info on how to use it. Oh yea, in order to get it, you have to sign a 2 year contract. I hated that the most. My hubby does some of his work from home and dial up is just impossible for what he does.
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