Intelsat Named as Successful Bidder for ProtoStar 1 Satellite

* Reuters is not responsible for the content in this press release.

Fri Oct 30, 2009 11:08am EDT

Will Join Intelsat Fleet in Atlantic Ocean Region
PEMBROKE, Bermuda--(Business Wire)--
Intelsat, Ltd., the world`s leading provider of fixed satellite services, today
announced that it was selected as the successful bidder in the 29 October public
auction for the ProtoStar 1 satellite with a $210 million, all cash offer. Upon
conclusion of the transaction, the satellite will be re-named Intelsat 25 and
will join Intelsat`s global fleet, serving with the company`s other assets in
the Atlantic Ocean region. 

The satellite, built by Space Systems Loral, has 22 Ku-band and 38 C-band
transponders. Upon its launch in July 2008, the satellite was expected to have a
16-year life span. 

"Intelsat continues to demonstrate its ability to execute transactions that
enhance the value of its global network," said Phillip Spector, Intelsat
Executive Vice President Business Development and General Counsel. "A healthy,
in-orbit satellite is extremely valuable to us given our high fleet utilization.
The additional inventory will support future revenue growth and provide
resilience. Over the past several years we have enjoyed strong demand for our
services in Africa, and this capacity will allow us to support the growth
requirements of our customers, including wireless operators and broadband
service providers. Because of our operating scale and collection of valuable
orbital locations, we will be able to integrate and operate Intelsat 25 with
minimal incremental cost, and rapidly build a backlog of revenue for the new
satellite." 

The transaction is subject to certain regulatory and bankruptcy court approvals.
Intelsat expects to close the transaction within the next 30 days. 

About Intelsat 

Intelsat is the leading provider of fixed satellite services worldwide. For 45
years, Intelsat has been delivering information and entertainment for many of
the world`s leading media and network companies, multinational corporations,
Internet service providers and governmental agencies. Intelsat`s satellite,
teleport and fiber infrastructure is unmatched in the industry, setting the
standard for transmissions of video, data and voice services. From the
globalization of content and the proliferation of HD, to the expansion of
cellular networks and broadband access, with Intelsat, advanced communications
anywhere in the world are closer, by far. 

Intelsat Safe Harbor Statement: Some of the statements in this news release
constitute "forward-looking statements" that do not directly or exclusively
relate to historical facts. The forward-looking statements made in this release
reflect Intelsat's intentions, plans, expectations, assumptions and beliefs
about future events and are subject to risks, including known and unknown risks.
Detailed information about some of the known risks is included in Intelsat's
annual report on Form 10-K for the year ended 31 December 2008 and Intelsat's
other periodic reports filed with the U.S. Securities and Exchange Commission.
Because actual results could differ materially from Intelsat's intentions,
plans, expectations, assumptions and beliefs about the future, you are urged to
view all forward-looking statements contained in this news release with caution.
Intelsat does not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

Intelsat
Dianne VanBeber
Vice President, Investor Relations and Communications
+1 202-944-7406
dianne.vanbeber@intelsat.com


Copyright Business Wire 2009

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