Loral Skynet announced that Telstar 13 has successfully completed its in-orbit testing and is in operation at its 121 degrees West longitude orbital slot. Pending regulatory approval, Loral has agreed to sell Telstar 13, along with four other North American telecommunications satellites to Intelsat, Ltd., Hamilton, Bermuda.

On August 8, 2003, Telstar 13 was launched from the Odyssey Launch Platform, positioned on the Equator in the Pacific Ocean, on a Sea Launch Zenit-3SL rocket. In a unique satellite sharing arrangement, EchoStar Communications Corporation, Littleton, Colo., operates the Ku- and Ka-band payloads on the satellite as EchoStar IX; Loral Skynet owns and operates the C-band payload as Telstar 13.

Telstar 13's 24 C-band FSS transponders operating at 36 MHz will provide Skynet's cable programming customers with coverage throughout North America, including Alaska, Hawaii and Puerto Rico. Skynet's current satellite serving cable programmers, Telstar 7, is operating nearby at 129 degrees West longitude. Together the satellites form a very attractive platform to cable programmers looking for the benefits of a strong neighborhood and restoration solutions.

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. With its fleet of satellites and its established hybrid VSAT/fiber global network infrastructure, Skynet offers a unique, single source for all broadcast, data network, Internet access and IP needs. Headquartered in Bedminster, New Jersey, 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.