Intelsat Signs Agreement for REACH Teleport in Asia; Completes Assembly of Worldwide Terrestrial Infrastructure

Business Wire, Jan 20, 2003

Business Editors

HONOLULU--(BUSINESS WIRE)--Jan. 20, 2003

Intelsat announced today at the Pacific Telecommunications Conference (PTC) that it has signed an agreement with REACH to lease teleport services from the company's Stanley Teleport in Hong Kong. The signing of this agreement represents the completion of Intelsat's assembly of its global terrestrial infrastructure that is used in offering GlobalConnex(SM) Solutions, its portfolio of end-to-end, integrated network services.

Intelsat customers will be able to use the teleport facilities in Hong Kong for uplinking, downlinking and DVB platforms, in addition to Internet and private line services. The teleport's location in Hong Kong gives it visibility of Intelsat satellites in both the Pacific and Indian Ocean regions, thereby serving a large number of customers worldwide.

Some of Intelsat's GlobalConnex(SM) customers, including the Civil Aviation Authority (CAA) of Mongolia, currently use REACH's Stanley Teleport as one component of their end-to-end communications solutions. CAA, one of Intelsat's Internet Trunking customers, is using the Stanley Teleport in combination with the Intelsat 601 satellite.

"The completion of Intelsat's complementary worldwide terrestrial infrastructure is an important step in the evolution of our company from strictly offering space segment to being a flexible and reliable end-to-end solutions provider," stated Ramu Potarazu, President and COO, Intelsat Global Service Corporation. "Customers worldwide have wanted solutions that make their lives easier and businesses more efficient, and we answered their call to action by evolving our network to directly meet their needs."

In addition to Hong Kong, Intelsat's end-to-end network infrastructure now includes teleports in California, Maryland and Germany as well as fiber interconnected Points of Presence in Los Angeles, New York, Frankfurt and London.

About Intelsat

Intelsat, Ltd. offers telephony, corporate network, video and Internet solutions around the globe via capacity on 25 geosynchronous satellites in prime orbital locations. Customers in approximately 200 countries rely on Intelsat satellites and ground resources for quality connections, global reach and reliability. For more information, visit www.intelsat.com.

About REACH

REACH is a 50-50 joint venture between Hong Kong-based PCCW Limited and Australia's Telstra Corporation Limited. It is Asia's largest international carrier of combined voice, private line and IP data services. It is also one of the world's top ten carriers of international voice traffic. REACH's products and services include an extensive portfolio of voice, data, IP and satellite connectivity. The company has interests in more than 50 submarine cable and satellite systems (including Asia's largest teleport), and operating licences and landing rights in most major markets including Hong Kong, Japan, Korea, Taiwan, Singapore, Australia, North America and Europe. REACH is headquartered in Hong Kong, with a significant presence in Australia and substantial businesses across Asia, North America and Europe. The company posted annualised revenue for fiscal 2001 of US$1.396 billion and EBITDA US$434 million. For further information, please visit www.reach.com

Some of the statements in this news release constitute "forward-looking statements" that do not directly or exclusively relate to historical facts. These forward-looking statements reflect our intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside our control. Important factors that could cause actual results to differ materially from the expectations expressed or implied in the forward-looking statements include known and unknown risks. Because actual results could differ materially from our intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements contained in these news releases 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.