Hughes Eyes INR 750-crore Satcom Market Opportunity in India
Article originally published in The Financial Express
AS THE SATELLITE communication satcom segment picks up pace in the country satellite broadband services provider — Hughes Communications — is eying over 50% of the potential 1 500 crore market opportunity in the next two three years. The company which is a joint venture between Bharti Airtel 33% stake and US-based Hughes Network System 67% is banking on the enterprises segment with its low-latency high bandwidth and congestion-free network services using high throughput satellites (HTS). “The fact that satellite broadband services are reliable makes a big difference It is there as a backup as an alternative to support machine critical applications for banking etc where terrestrial services are still not reliable and that is not an easy space to crack even with 5G, ” Shivaji Chatterjee executive vice president at Hughes Communications India told FE.
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