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Hughes Names Adviser For Sale
Hughes Communications has appointed Barclays Capital to advise on a sale of the company.
Hughes Communicationshas appointedBarclays Capitalto advise on a sale of the company,Reutersreports. The U.S. broadband satellite services company has received bids mostly from private equity firms and several satellite firms.
The Maryland-based company is majority owned by private equity firmApollo, which has a 57% stake. The second round of bids for Hughes Communications is expected in early February.
Click here for the story fromReuters.