February 2007

$115 Million Senior Unsecured Term Loan

Exhibit

99.3

Safe Harbor

Forward Looking Statement.

This

presentation

contains

forward-looking

information,

within

the

meaning

of

Section

27A

of

the

Securities

Act

of

1933,

as

amended,

and

Section

21E

of

the

Securities

Exchange

Act

of

1934, as amended, that is based on management’s beliefs and assumptions,

current expectations, estimates and projections. Such information, including information relating to the Company’s expectations for future financial

performance, is not considered historical facts and is considered forward-looking information under the federal securities laws. This information

may contain words such as “believes,”

“anticipates,”

“plans,”

“expects,”

“intends,”

“estimates”

or similar expressions. This information is not a

guarantee of the Company’s future performance and is subject to risks, uncertainties and other important factors that could cause our actual

performance or  achievements to differ materially from those expressed or implied by this forward-looking information and include, without

limitation, demand and competition for the Company’s services including SPACEWAY, and other risks or uncertainties identified and discussed

under

the

caption

“Risk

Factors”

in

the

Company’s

Annual

Report

on

Form

10-K

for

the

year

ended

December

31,

2005

filed

with

the

Securities

and

Exchange Commission and in other documents the Company filed with the Securities and Exchange Commission from time to time. Given these

uncertainties, you should not rely on forward-looking information. The Company undertakes no obligations to update any forward-looking

information, whether as a result of new information, future events or otherwise.

Preliminary

Select

2006

Financial

Data.

The

fiscal

2006

financial

information

included

in

this

presentation

are

preliminary

estimates

based

upon currently available information and are subject to change based upon the completion of the audit of the Company’s fiscal 2006 financial

statements

by

the

Company’s

independent

registered

public

accountants.

In

connection

with

the completion of the audit process, including the

review of the Company’s purchase accounting adjustments, the Company may identify items that would require the Company to make adjustments

to its preliminary financial results described in this presentation, and any changes could be material.  The Company expects to announce the final

2006

audited

financial

results

prior

to

filing

its

Annual

Report

on Form 10-K, which is currently scheduled to be filed on or before March 31, 2007.

Non-GAAP

Financial

Measures.

This

presentation

contains

non-GAAP

financial

measures,

such

as

Adjusted

EBITDA.

EBITDA

is

defined

as

earnings

(loss)

before

interest,

income

taxes,

depreciation,

and

amortization. Adjusted EBITDA is used in calculating covenant compliance under

HNS’

credit

agreement

and

indenture

governing

HNS’

9½% Senior Notes due 2014.  Adjusted EBITDA is defined as EBITDA further adjusted to

exclude

certain

adjustments,

including

the

net

costs

of

SPACEWAY

for the first quarter of 2005 to reflect the effects of the implementation of the

SPACEWAY services agreement with DIRECTV, Inc. as if it had occurred on January 1, 2005. EBITDA and Adjusted EBITDA are not recognized

terms under GAAP. EBITDA and Adjusted EBITDA do not represent net income or cash flows from operations, as these terms are defined under

GAAP,

and

should

not

be

considered

as

alternatives

to

net

income

as an indicator of operating performance or to cash flows as a measure of

liquidity. Additionally, EBITDA and Adjusted EBITDA are not intended to be measures of cash flow available to management for discretionary use,

as such measures do not consider certain cash requirements such as capital expenditures (including expenditures on VSAT operating lease

hardware and capitalized software development costs), tax payments, and debt service requirements (including VSAT operating lease hardware).

EBITDA and Adjusted EBITDA as presented herein are not necessarily comparable to similarly titled measures reported by other companies.

EBITDA and Adjusted EBITDA are presented herein because the Company uses such information in its review of the performance of management

and

in

the

performance

of

its

business.

The

Company

will

include

a reconciliation of its final 2006 Adjusted EBITDA to the most directly comparable

GAAP financial measure for the year ended December 31, 2006 in the fourth quarter and fiscal 2006 financial results press release.

Overview of The Offering

Borrower:

Hughes Network Systems, LLC (the “Borrower”) and

HNS Finance Corp.

Guarantors:

Same as the 9 1/2% Senior Notes due 2014

Facility:

Senior Unsecured Term Loan (the “Loan”)

Principal Amount:

$115 million

Maturity:

April 15, 2014

Security:

None

Amortization:

None

Optional Redemption:

NC-1 (102/101/par)

Covenants:

Substantially similar to existing 9 1/2% Senior Notes

Use of Proceeds:

Partially fund the purchase and/or construction of a

satellite and/or general corporate purposes

Syndication Timetable

Key Dates

2007

23

16

9

2

F

28

27

26

25

24

22

21

20

19

18

17

15

14

13

12

11

10

8

7

6

5

4

3

1

S

T

W

T

M

S

Closing and Funding

Friday, February 23

Comments Due on Loan Documentation

Wednesday, February 21

Commitments Due

Friday, February 16

Lenders’

Meeting

Friday, February 9

Event

Date

Senior Management Representatives

Pradman Kaul

Chief Executive Officer

Grant Barber

Chief Financial Officer

Matt Nord

Apollo Management

Transaction Rationale

The use of proceeds are specifically targeted for one of the following

initiatives:

Construct an additional SPACEWAY satellite to provide capacity for

additional growth and redundancy for the current SPACEWAY

satellite

Alternatively, the Company can acquire an existing satellite

Targeted M&A opportunities to enhance service offerings

Investment Highlights

Market leading provider of highly reliable, end-to-end

communications networks

Experienced Management Team and Sponsor Backing

New and Enhanced Opportunities in Telecom Systems

Revenue Growth & Margin Expansion through SPACEWAY

Blue-chip customer base under long-term contracts

Market Leader in Growing Consumer Broadband Business

Diverse and Growing End Markets

HNS Provides High Quality End-to-End

Communications Services

VSAT

2006 Revenue:  $768 million

Telecom Systems

2006 Revenue:  $91 million

North

American

Network

Equipment &

Services

Revenue: 

$282M

International

Network

Equipment &

Services

Revenue: 

$194M

Consumer/

SMB

Revenue: 

$292M

Mobile

Satellite/

Telematics

Revenue: 

$71M

Terrestrial

Microwave

Revenue: 

$20M

HNS

2006 Revenue:  $859 million

HUGH Market Cap:  $875 million

(1)

(1)

Based on HUGH share price of $46.45 on 02/05/2007.

Overview of a VSAT Network

VSAT Overview

Private networks for the

transmission of data, voice,

video and internet access

Ubiquitous coverage

Fixed transmission costs

Rapid and cost effective

deployment

High transmission availability

and security

Network Diagram

Provides cost effective & reliable data networks.

Ideal for geographically dispersed locations

Consumer/SMB

HNS

Teleport

Large Enterprise

Internet

Corporate

Network

Telephone

Network

HNS’

VSAT Superior to Many Terrestrial Alternatives

Global ubiquitous coverage from

single source to geographically

dispersed sites

Highly reliable product offering

Reliable components,

redundancy, and backup at

multiple stages

Secure system

Rapid and cost-efficient deployment

Able to install thousands of sites

per month in a cost-efficient

manner

Key Advantages of VSAT

Weakness

Technology

Summary of Competing Technologies

Non-ubiquitous coverage

Multiple operators

Service levels vary

High cost

Slow to deploy and

resource intensive

Slow download speeds

Not “always on”

DSL/Cable Modem/

Wireless Data Service

Dial-up

MPLS/Frame

Relay/T-1

10th consecutive year of greater than 50% market share

(1)

Based on cumulative terminals shipped in 2004 according to COMSYS.

(2)

Based on domestic sites in service in 2004 according to COMSYS.

HNS is The Global VSAT Leader...

Global Market Share

(1)

iDirect

4%

Others

7%

HNS

55%

Gilat

23%

ViaSat

12%

North American Enterprise VSAT

Market Share

(2)

ViaSat

2%

Other

7%

Telesat

3%

Gilat

19%

HNS

69%

BMW

Daimler Chrysler

General Motors. Opel

Toyota/Lexus

VW

...And the Network Provider of Choice Across

Major Industry Segments

Automotive

Best Western

Choice Hotels

Wyndham Hotels

A.G. Edwards

American General

Finance

Edward Jones

Salomon Smith

Barney

VISA

HSBC

Itau Bank

BP-Amoco

ChevronTexaco

Conoco Phillips

ExxonMobil

Hess

Pemex

Shell

A&P

Albertson’s/USSC

ASDA

AutoZone

Best Buy

Big 5

Blockbuster Video

Dollar Tree Stores

Footlocker

Jiffy Lube

Kmart

Lowe’s

Rite Aid

Sherwin Williams

Smart n Final

Tesco

TJX

Walgreens

Wal-Mart

Army Air Force Exchange

Services

California State Government

Florida Emergency

Management

GSA

Pennsylvania Emergency

Management

Texas Department of Public

Safety

UN CTBTO

International Civil Aviation

Organization

NIC India

Oil and Gas

Retail

Dominos

Dunkin Donuts

Jack in the Box

McDonald’s

Pizza Hut

Taco Bell

Wendy’s

AMF Bowling

Brunswick Bowling

Gtech

Lows Cineplex

National CineMedia

Playwin

StarTV

Alliance Data

Systems

Concord

Data Network

Services

EDS

Telesat

Telstra—Australia

Korea Telecom

Telefonica—Spain

Telkom SA—(South

Africa)

Telmex—Mexico

Telkom Malaysia

Restaurants

Lodging

Financial

Entertainments

and Sports

Integrators/Service

Providers

Government

Average contract duration of 3 to 5 years with strong renewal rates

Largest Satellite-Based Internet Provider to the

Consumer/SMB Market

1st to offer service beginning in 2002

Targeting 10–15 million households

and 3.5 million SMBs

Reached critical mass in 2003;

leveraging existing fixed costs

20% revenue growth over past 3

years

Average 11K gross adds per month

in 2006

Low Churn of 2.3% in 2006

Future growth and margin expansion

through launch of SPACEWAY satellite

Consumer/SMB Revenue

Consumer/SMB ARPU

$203

$247

$292

$163

328K

274K

224K

180K

0

100

200

300

400

$500

2003

2004

2005

2006

0

100

200

300

400

Revenue  

Subscribers

$60

$56

$51

$58

0

20

40

60

$80

2003

2004

2005

2006

$194

$203

$189

2004  

2005

2006

Strong International Presence

Strong service business

Operates shared hub service in

Europe, Brazil, and India

Develop managed network services

Significant growth opportunities

Hughes Brazil Service Company

Voice over IP in Mexico

Digital cinema in India

GSM backhaul in India

International Revenue

Africa/ME

14%

CIS

4%

Asia/China

7%

Europe

29%

Latin

America

23%

India

23%

Regional Breakdown

(1)

($ in millions)

(1)

LTM September 30, 2006.

New and Enhanced Telecom Systems Offerings

Mobile Satellite

Provides satellite/terrestrial handsets

and gateways

Recent contract wins lead to strong

segment outlook

Terrestrial Microwave

Provides point-to-multipoint

equipment to international mobile

operators

Telematics opportunities

State-of-the-art telematic technology

solutions as a platform for in-car

navigation, vehicle diagnostics and

entertainment

Daimler Chrysler contract with

Hughes Telematics provides revenue

and earnings growth

Mobile Satellite Revenue Strength

Mobile Satellite Customers

($ in millions)

MSV

Globalstar

Inmarsat

ICO

Thuraya

TerreStar

Iridium 

ACES

Inmarsat

Coverage:  Global

System:  GEO

Appl:  Packet Data

ICO

Coverage:  Global

System:  MEO

Appl:  Voice, Data, etc.

Thuraya

Coverage:  Asia, ME, AF

System:  GEO

Appl:  Voice, Data, Fax,

Packet Data

$70

$49

$73

2004  

2005

2006

HNS Consistently Leads the Industry in

Technology and Innovation

Successful launch of HN 7000S further enhances profitability

High speed in-routes

Up to 2 Mbps

Comparable to DSL speeds

30% increase in out-route bit

rate DVB-S2

Adaptive Coding Modulation

Early renewals and extensions

from enterprise customers

Upgrades to higher price plans

in Consumer/SMB market

Key Features

Results

Significant Contract Wins in 2006

North America

International

Mobile Satellite

G-Tech

USDA

Enlaces

ISRO

Delta Telecom

Grintek Telecom

Ethiopia Telecom

TerreStar

Large Growing Backlog Supports Revenue Growth

($ in millions)

Large Enterprise contract term is typically 3 to 5 years

Backlog does not include the Consumer/SMB segment

$525

$551

$584

$605

0

200

400

600

$800

2003

2004

2005

2006

0

200

400

600

$800

SPACEWAY Expands Addressable Market...

Matches or exceeds current terrestrial rates

Addresses substantially larger subscriber base

Direct user-to-user network capabilities

Next Generation Satellite

10 Gbps capability (Ka Band) with      

Bandwidth-on-demand

On-board processing enabling mesh   

networking capabilities

Key Advantages

Market Sizing

($ in billions)

$4

$26

More than 6x increase in

addressable market

Construction complete

SPACEWAY service will initiate in mid-2008

Timing

SPACEWAY

...And Provides for Significant Cost Reductions

(1)

Assumes growth of 15 to 20 transponders per year for 3 years.

(2)

Assumes 40% of sites convert over 3 years.

Illustrative cost savings analysis after 3 years of service

($ in millions)

Avg. annual leasing cost/transponder

$1.5

Transponder capacity

New customer growth

(1)

42–50

Migration of existing customers

(2)

50

Subtotal transponder capacity

92-100

Potential annual gross savings:  $100–$150

The Most Experienced Management Team in the

Industry

Name

Title

With HNS

In Industry

Pradman Kaul

Chairman & CEO

32 Years

37 Years

Paul Gaske

EVP & General Manager,

29

29

North America Division

Bahram Pourmand

EVP & General Manager,

25

25

HNS International

Grant Barber

EVP & CFO

1

21

Adrian Morris

SVP, Head of Engineering

23

23

Dean Manson

VP & General Counsel

6

11

Years of Experience

Average industry experience of 24 years

Key Strategic Initiatives

Successful launch of 7000S platform

SPACEWAY launch in January 2008

Better functionality at lower unit costs

Addition of value-added services and upselling higher price services

Supporting continued ARPU growth while reducing churn and SAC

Increase distribution capabilities

Focus on direct selling and dealership campaigns

Recent completion of hub infrastructure will  drive shift to service

revenue

Shifting focus to service revenue

Service initiatives: Hughes Brazil, VoIP in Mexico and Digital cinemas/kiosks

in India

Become full service communications provider

Initiated wholesale relationships with Covad, Verizon and AT&T

Recent wins include BP , CSK and Yum Brands

Provide development and manufacturing for telematics service

offerings of Hughes Telematics for automotive manufacturers (e.g.,

Chrysler, Mercedes)

Results

Initiative

Maintain Technology

Leadership

and Low Cost Position

Accelerated Growth in

Consumer Business

Expand International

Service Offering

Develop Managed Services

Capability (Integrated Satellite

& Terrestrial Offerings)

HNS has developed a strategy to increase revenue & profitability

Start New

Telematics Business

Financial Overview

Well Diversified and Growing Revenue Drives      

Strong Cash Flow Generation

($ in millions)

Revenue

Adjusted EBITDA

(1)

Reflects Service mix for LTM 09/30/06.

% Service

Revenue

49%

53%

52%

(1)

Hardware

$111

$115

$122

0

25

50

75

100

125

$150

2004

2005

2006

$282

$288

$305

$194

$203

$189

$292

$247

$203

$91

$69

$93

$789

$807

$859

0

200

400

600

800

$1,000

2004

2005

2006

N.A. Services & Equipment

Int’l Services & Equipment

Consumer/SMB

Telecom Systems

(1)

Excludes SPACEWAY investment.

Capital Expenditures are Primarily

Success-based

(1)

($ in millions)

$30

$33

$34

$22

$41

$4

$28

$38

$53

$16

$15

$14

$13

$20

$46

$52

$75

$72

0

20

40

60

80

100

120

$140

2002

2003

2004

2005

2006

VSAT/Other

Lease Related  

Capitalized Software  

$114

Lease Related CapEx Was Zero in 2006

(1)

Includes net proceeds from the Loan of $113 million.

(2)

Based on HUGH share price of $46.45 on 02/05/2007.

Pro Forma Capital Structure

Cash and Marketable Securities

$202

$315

(1)

Existing Revolver

$0

$0

0.0%

New Floating Rate Loan

0

115

7.7

Senior Notes

450

450

30.2

Lease and Other Debt

50

50

3.4

Total Debt

$500

$615

41.3%

Market Value of Equity

(2)

875

875

58.7

Total Capitalization

$1,375

$1,490

100.0%

% Cap

12/31/06E

($ in millions)

Pro Forma

12/31/06E

Strong Liquidity with Meaningful Asset Coverage

and Low Leverage

HNS has a very strong credit profile

$315 million in pro forma cash and short term investments

$50 million undrawn revolver

$213 million Book Value of SPACEWAY

(1)

PF Net Debt/Adj. EBITDA

2.5

x

PF Total Debt/Adj. EBITDA

5.0

PF Adj. EBITDA/Net Interest Expense

2.6

(1)   Includes construction in progress of $193 million as of 09/30/2006 and future obligations of $20 million.

Investment Highlights

Market leading provider of highly reliable, end-to-end

communications networks

Experienced Management Team and Sponsor Backing

New and Enhanced Opportunities in Telecom Systems

Revenue Growth & Margin Expansion through SPACEWAY

Blue-chip customer base under long-term contracts

Market Leader in Growing Consumer Broadband Business

Diverse and Growing End Markets