Loral Reports Third Quarter 1999 Financial Results - Company Financial Information

Cambridge Telcom Report, Nov 1, 1999

(1) Includes Loral Orion's transponder leasing business from April 1, 1998 and 100% of SatMex for all periods (for the three and nine months ended September 30, 1999 SatMex's results includes $8.5 million and $25.5 million in bookings from the sale of transponders to Loral Skynet).

(2) Includes Loral Orion's data services business from April 1, 1998.

(3) Backlog as of September 30, 1999, includes $87.5 million of backlog from Loral's acquistion of Apstar IIR's existing customer leases.

(4) Includes Loral Orion's restricted cash of $50.0 million and $71.8 million as of September 30, 1999 and 1998, respectively, for interest payments on Loral Orion senior debt and Loral Orion's segregated cash of $147.5 million as of September 30, 1999 held for satellite payments.

(5) Total debt includes $957.2 million and $910.6 million of Loral Orion debt as of September 30, 1999 and 1998, respectively, which is non-recourse to Loral.