Hughes No. 1 VSAT equipment vendor

NEW DELHI:



Hughes today announced that it has been named the leading equipment vendor

for FY 05-06 in the satellite broadband (VSAT) category in the Indian Telecom

Industry report released by Voice & Data.






With revenues of Rs 136.1 crores, Hughes registered a growth of 34.8 percent in
FY 05-06 with the industry showing an upward growth rate of 22 per cent by

reaching Rs 352 crore.






Globally the company commands a leadership position with over 60 per cent of the
total satellite broadband market, Hughes said in a statement.






The strong financial markets and growth in economy in all sectors were the key
drivers for satellite equipment market growth. The bullish stock markets,

education initiatives by the government and private players and the growth area

in the retail sector were the key drivers for the growth in the market.






"Emerging market segments coupled with growing Broadband and Multicast
applications have fuelled the growth of satellite broadband in the country. I am

confident that in the near future, satellite broadband will pan out as a

lucrative alternative to terrestrial solutions", said Partho Banerjee,

president, Hughes Communication India.






Segments that have been the key growth drivers for Hughes are Telecom,
Education, Retail and Banking. Some of the key customer wins in this fiscal

include Edusat and Indian Railways (IRCOT), BSE, ITC, and Reliance Industries to

name a few.






India has a cumulative installed base of 70,000 VSAT terminals with ITC being
the leader with over 5500 deployments.






Overall the telecom equipment market grew at a modest 25 per cent in FY 05-06 to
reach Rs 52,998 crores.






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