AOL, Hughes to team to compete with Gates' Teledesic

Steve Case and his merry men join the broadband data from space race

AOL is discussing a $1 billion investment in Hughes Network Systems to help the development of a two-way satellite service for high-speed Web access, Spaceway. This would give the company a stake in one of the next century's broadband satellite networks, and further the "AOL Anywhere" goal. Today, satellite communication has been at best a downloading operation, with upload via a landline (the AOL deal anounced earlier this week (Earlier Story)

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