Press Release

Loral Skynet Introduces Occasional-Use Service on Telstar 10 to the Asia Pacific Region

By SpaceRef Editor
March 1, 2004
Filed under , ,

Loral Skynet today announced the
availability of occasional use services on its far-reaching Telstar 10
satellite, covering Asia, Australia, parts of Europe and Africa in C-band, and
Korea, Taiwan, Macau and China, including Hong Kong, in Ku-band. Loral Skynet
is a subsidiary of Loral Space & Communications

Loral Skynet’s occasional-use service allows its customers to lease
fractional transponders on a part-time basis. Offered in 5-minute increments,
this service offers a cost-efficient platform for delivering breaking news
stories, planned events, or regularly scheduled recurring feeds. Loral Skynet
will initially offer satellite capacity on Telstar 10, and expand the service
to the new Telstar 18 satellite when it enters service over Asia, presently
planned for the second quarter of 2004. Ascent Media Pte. Ltd, through its
Singapore facility, will provide satellite booking and access management
services, enabling Skynet’s customers to package terrestrial services with
Telstar satellite capacity. Skynet’s occasional use services in Asia will
initially be available in C-band, expanding to Ku-band later this year.

“Loral Skynet has successfully offered occasional-use services in North
America and Europe for years and we’re happy to now bring this service to
Asia,” said Terry Hart, president, Loral Skynet. “Part-time offerings enable
many value-added end-to-end services including videoconferencing, business
television, pre- and post-production feeds, broadcast distribution of sports,
educational, ethnic and niche programming, special events, Internet and ad
delivery.”

“We are pleased to work with Loral Skynet,” added Jeff Casey, vice
president, sales and marketing, Ascent Media. “Our own well-founded depth of
knowledge about the Asian market complements the broad coverage offered now by
Telstar 10 and soon by Telstar 18. Working together with the Loral Skynet
team, our focus will be on customer service, responsiveness, and superior
technical support to the region’s occasional use market.”

In addition to the occasional-use services in Asia on Telstar 10, Loral
Skynet provides occasional-use service on Telstar 11 and Telstar 12 in Europe,
the Middle East and Africa.

Telstar 10, located at 76.5 degrees East longitude, is equipped with 27
C-band and 24 Ku-band transponders (36 MHz equivalents). The C-band payload
provides coverage of Asia, Australia, parts of Europe and Africa. The Ku-band
payload covers Korea, Taiwan, Macau and China, including Hong Kong. Telstar
10, which hosts one of the most extensive cable neighborhoods in Asia,
distributes cable TV programming, direct-to-home services, telecommunications,
as well as Internet and VSAT (very small aperture terminal) services.

Telstar 18 will be located at 138 degrees East longitude. The satellite is
equipped with 19 C-band transponders at 36 MHz and 8 Ku-band transponders at
54 MHz. The C-band covers Asia, Australia, New Zealand, the Pacific islands
and Hawaii and the Ku-Band reaches China, India, Taiwan, Hong Kong and Korea.
Its main markets will be cable programming, direct-to-home broadcasting,
Internet and VSAT services within Asia while providing an inter-connect to the
US.

Ascent Media Network Services specializes in video distribution and post-
production services, with facilities in Los Angeles, CA; New York; NY;
Stamford, CT; Minneapolis, MN; London, and Singapore. Channel origination,
master control, creative services and transmission are among the many
offerings utilized by the major broadcast and cable networks as well as other
content providers. In addition, the group provides a full array of engineering
and technical services for broadcast, cable, satellite, and corporate clients.

Ascent Media Group is a provider of services to the media entertainment
industry, offering clients effective solutions for the creation, management
and distribution of content through more than 70 facilities worldwide. A
wholly owned subsidiary of Liberty Media Corporation , Ascent
Media Group (www.ascentmedia.com) is headquartered in Santa Monica, CA.

A pioneer in the satellite industry, Loral Skynet continues to deliver the
superior service quality and range of satellite solutions that have made it an
industry leader for more than 40 years. Through the broad coverage of the
Telstar satellite fleet, and in combination with its established hybrid
VSAT/fiber global network infrastructure, Skynet is a source for all
broadcast, data network, Internet access, IP and systems integration needs.
Headquartered in Bedminster, New Jersey, Loral Skynet is dedicated to
providing secure, high-quality connectivity and communications. For more
information, visit www.loralskynet.com.

In addition to being the parent company of Loral Skynet, Loral Space &
Communications is a world-class leader in the design and manufacture of
satellites and satellite systems for commercial and government applications
through its Space Systems/Loral subsidiary. For more information, visit
www.loral.com.

This document contains forward-looking statements 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. In addition, Loral Space &
Communications Ltd. or its representatives have made or may make forward-
looking statements, orally or in writing, which may be included in, but are
not limited to, various filings made by Loral with the Securities and Exchange
Commission, press releases or oral statements made with the approval of an
authorized executive officer of Loral. Actual results could differ materially
from those projected or suggested in any forward-looking statements as a
result of a wide variety of factors and conditions. These factors include
those related to the filing, on July 15, 2003 by Loral and certain of its
subsidiaries, of voluntary petitions for reorganization under Chapter 11 of
Title 11 of the United States Code in the United States District Court for the
Southern District of New York and parallel insolvency proceedings in the
Supreme Court of Bermuda in which certain partners of KPMG were appointed as
joint provisional liquidators. Additional factors and conditions are also
described in the section of Loral’s annual report on Form 10-K for the fiscal
year ended December 31, 2002, entitled “Certain Factors That May Affect Future
Results,” and Loral’s other filings with the Securities and Exchange
Commission. The reader is specifically referred to these documents.

SpaceRef staff editor.