Quartz·2 min read·easy
EchoStar's Hughes filed for bankruptcy as its satellite internet subscribers fled to Starlink
✦AI Summary
Hughes, a satellite internet provider, has filed for bankruptcy following a significant loss of subscribers to competitors like Starlink. The company plans to pivot its business model toward enterprise and government clients.
Hughes, which has lost more than 21% of its broadband subscribers in the past year, plans to refocus on enterprise, government, and defense customers
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