Hughes Receives Frost & Sullivan Market Leadership Award for Eastern Europe and CIS Countries
Award Recognizes Company’s Broadband Innovation and Number One Industry Rank
Germantown, Md., February 21, 2008—Hughes Network Systems, LLC (HUGHES), the global leader in broadband satellite solutions and services, today announced that it has received the 2007 Eastern European and Commonwealth of Independent States (CIS) Market Leadership Award from Frost & Sullivan. The award recognizes Hughes for its continued commitment and excellence in providing VSAT solutions to this market.
The Frost & Sullivan Award for Market Leadership is presented to the company that has exhibited market share leadership through the implementation of market strategy. Recipients are acknowledged for displaying marketing excellence in all areas of the market leadership process, including the identification of market
challenges, drivers and restraints, as well as strategy development and methods of addressing these market dynamics.
“While other VSAT companies shied away from it and didn’t realize the market’s broadband potential, Hughes led the way in bringing broadband to Eastern Europe,” said Violetta Kuvaeva, research analyst for Frost & Sullivan. “Hughes is an excellent example of a true market leader with the strong ability to identify market
challenges, drivers and restraints and to implement successful strategies to address market dynamics.”
To identify the recipient of this Award, the analysts track competitor revenue and market share within the industry, achieved through interviews and extensive secondary research of proprietary data sources. Frost & Sullivan then presents the Award to the company that received the number one industry rank.
“We are extremely pleased to receive this prestigious Award,” said Dr. Arunas Slekys, vice president and GM of the Russia/CIS Business at Hughes. “Since the early 1990s, when there were many challenges with political and economic instability, Hughes has remained committed to this market. With our dedicated Moscow-based sales and technical support team, we are justifiably proud of bringing the economic and social benefits of broadband to many thousands of schools, businesses and governments throughout the region—having supplied over 23,000 VSATs to 16 service providers operating 22 Hughes NOCs.”
About Frost & Sullivan
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