This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Hughes Communications India Ltd Wins Orders Worth INR 1500 Million In First Half Of 2013













GERMANTOWN, Md., Oct. 7, 2013 /PRNewswire/ -- Hughes Communications India Limited (HCIL), a subsidiary of Hughes Network Systems, LLC (HUGHES), the global leader in broadband satellite networks and services, today announced that they have been chosen to provide satellite-based solutions to premier banks and institutions (private and public) and won orders worth Rs.1500 Million in the first half of the current financial year. These wins have strengthened HCIL's leadership position in the satellite broadband market in India.

(Logo: http://photos.prnewswire.com/prnh/20110112/NE29456LOGO )

HCIL has received multiple orders from premier banks to provide managed services to over 800 locations across India. HCIL also announced that they have received orders from Tata Communications Payment Services Limited (TCPSL) to enable and establish White label ATM services across 600 locations.

In addition, HCIL will also establish and maintain end-to-end satellite broadband connectivity for a period of three to five years at multiple locations across the country through alliances with  various institutions such as Punjab and Sind Bank, Bombay Stock Exchange, and British Gas to name a few.

Speaking on the achievements, Shivaji Chatterjee, head of the enterprise business at HCIL said, "Our new business wins and market growth have enabled us to maintain and strengthen our market leadership in the satellite broadband domain. Achieving a steady growth of 18-20 percent in the enterprise satellite segment in a challenging business environment is testimony to an ever increasing demand for easily deployable, reliable, broadband connections in remote locations or in areas underserved by terrestrial services. Going forward, we continue to see the Banking and Financial Services industry as the big driver of our managed services portfolio in India followed by the e-governance, defense and SME sectors."

About Hughes Communications IndiaHCIL is a majority owned subsidiary of Hughes Network Systems, LLC (Hughes), the world's largest provider of broadband satellite networks and services. HCIL is the largest satellite service operator in India providing a comprehensive range of broadband networking technologies, solutions, and services for businesses and governments, including Managed Services to meet every communications challenge. More information is available at www.hughes.in.



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs