DirecTV Unloads HNS to SkyTerra


SkyTerra Communications Inc. said Thursday that it reached a deal to acquire the remaining 50% of the class-A membership interests of Hughes Network Systems LLC that it didn’t already own from DirecTV Group Inc.

The $100 million in cash for the transaction will come from SkyTerra stockholders Apollo Investment Fund IV L.P. and Apollo Overseas Partners IV L.P., the company said.

The transaction is subject to regulatory approvals, receipt of funds from Apollo and customary closing conditions.