Revenue stability with sizable revenue backlog; and Dominant global share of the enterprise very small aperture terminal (VSAT) market. Highly leveraged financial profile; Uncertain long-term growth prospects for the small business and consumer broadband service; and Significant competitive pressure from WildBlue and, longer term, ViaSat. The ratings on Germantown, Md.-based satellite network services company Hughes Communications Inc. reflect a highly leveraged financial profile, especially when adjusted for operating and transponder leases. It also reflects uncertain long-term growth prospects for the company's consumer and small business broadband service because this service has fewer capabilities than faster cable and telephone data services, which could limit growth as competitors expand their service coverage. Hughes could see significant competitive pressure from WildBlue Communications Inc....
Companies mentioned in this report are: Hughes Communications Inc.,Hughes Network Systems LLC,HNS Finance Corp.
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