Hughes:
Company of the Year 2009 In Satellite Industry
Frost & Sullivan
ranks Hughes growth strategies, demonstrated
by its customer expansion, as the highest in
the satellite industry.
Friday,
February 19, 2010: Hughes Network Systems,
LLC (HUGHES), the global leader in broadband
satellite networks and services, today announced
that Frost & Sullivan has selected it as
the 2009 North American Company of the Year
in the Satellite Industry, in recognition of
the company’s growth strategies, high-quality
customer service, and product/service reliability.
In North America, the company’s market-leading
HughesNet broadband satellite Internet service
has over 500,000 subscribers; worldwide, Hughes
has shipped over 2.1 million terminals to customers
in over 100 countries.
“In
North America, Hughes has managed to grow revenues
significantly year-over-year even during the
economic downturn,” said Frost & Sullivan
research analyst, Gina Villanueva. “The
company’s commitment to enhancing its
products and services also places it ahead of
the competition.”
Since first
introducing commercial satellite networks using
Ku-band, very small aperture terminals (VSAT)
over 25 years ago, Hughes has continually improved
satellite networking price/performance and functionality.
Its successful consumer Internet service in
the U.S. has passed the 500,000 subscriber milestone,
while it continues to maintain greater than
50 percent share of the global VSAT market.
“We
are proud to receive this prestigious award
from Frost & Sullivan,” said Pradman
Kaul, chairman and CEO of Hughes. “It
validates our successful business model, which
is to aggressively grow the service business
while fueling it with innovative new technologies,
products and solutions. And the demand for broadband
Internet service continues to grow, providing
us with a healthy market to serve the over 10
million homes and small businesses in North
America beyond the reach of terrestrial broadband
cable and DSL.”
Each year,
Frost & Sullivan presents the North American
Company of the Year award to the company that
has demonstrated robust growth strategies and
strong implementation when compared to competitors
within the industry. The award recognizes the
degree of innovation in business processes,
products and/or technologies as well as its
value to customers and the resulting increase
in market penetration.
Frost &
Sullivan’s Best Practices Awards recognize
companies in a variety of regional and global
markets for demonstrating outstanding achievement
and superior performance in areas such as leadership,
technological innovation, customer service,
and strategic product development. Industry
analysts compare market participants and measure
performance through in-depth interviews, analysis,
and extensive secondary research in order to
identify best practices in the industry.
