Intelsat Chooses TIBA as Primary Video Sales Channel in Latin America

Business Wire, April 21, 2004

Business Editors/High-Tech Writers

NAB2004

LAS VEGAS--(BUSINESS WIRE)--April 21, 2004

Intelsat and TIBA today announced a strategic partnership whereby TIBA, the Latin American carrier for video, audio, data & Internet services, will act as the primary sales channel for long-term Intelsat video services provided over the IS-805 satellite at 304.5(degree)E. The targets of this sales strategy include cable systems in Mexico, the Caribbean and Central and South America. The companies, having worked together for more than a decade, expect that this enhanced collaboration will allow for the more rapid expansion of the number of broadcasters on the existing Intelsat 805 video community, looking to create one of the largest video neighborhoods in the region.

The IS-805 satellite is currently host to a number of regional broadcasters, primarily because of its strategic location at 304.5(degree)E; it offers simultaneous coverage of all of South America, Mexico, the Caribbean, the 48 contiguous U.S. states and part of Western Europe in a single beam. Each of its C-band transponders enables television programmers to distribute to or from anywhere in the larger geographic coverage area, providing access to TV markets serving a potential audience of over 900 million people.

This partnership strengthens the existing relationship between Intelsat and TIBA, who have collaborated since 2003 on a Latin American antenna seeding program. This program succeeded in deploying 800 new antennas to cable head-ends in the region to provide an expanded viewing area for programming carried over the IS-805 satellite.

Jon Romm, President of Intelsat's Media and Entertainment unit, said, "By partnering with TIBA, a very well known broadcast company in this particular target region, we are able to maximize our assets by increasing the satellite's accessibility among target customers that want to distribute programming there. We believe that taking our relationship with TIBA one step further significantly enhances our video strategy in this region and cements our commitment to providing valuable and reliable video services worldwide."

"TIBA is extremely proud and pleased at having been chosen as Intelsat's primary video sales channel for long-term, cable distribution services in Latin America," said Norberto Alvarez Vitale, President and CEO of TIBA. "This partnership demonstrates the strong commitment of both companies to continue to build a relevant, useful and reliable video neighborhood in this region. We believe that partnering to provide services in this manner will offer enhanced benefits to customers joining the satellite community and will make the Latin American video market more competitive."

About Intelsat

Building on 40 Years of Leadership. As a global communications leader with 40 years of experience, Intelsat helps service providers, broadcasters, corporations and governments deliver information and entertainment anywhere in the world, instantly, securely and reliably. Intelsat's global reach and expanding solutions portfolio enable customers to enhance their communications networks, venture into new markets and grow their businesses with confidence. For more information, visit www.intelsat.com.

About TIBA

TIBA is a main Latin American carrier for video, audio, data & Internet services. Operational in 1992, its headquarters are in Buenos Aires, Argentina and it owns and operates teleports in Brazil & Uruguay. It also operates commercial offices in Miami, USA and a large fleet of SNG vehicles for satellite broadcasting.

TIBA is a joint-venture between a private equity group and GE Capital, and provides services in 85 countries throughout America, Africa & the Middle East. Its main customers are Eurovision, France Telecom, Disney, CNN, ESPN & Fox Sports.

TIBA has provided turn key solutions for many relevant events such us: Camel Trophy, rally Pan am Games, Volley ball world championship, Live Broadcasting from the pick of the Aconcagua at the Andean Mountains and a total solar Eclipse Broadcasting from Antarctica for Japan.

Note: Some of the statements in this news release constitute "forward-looking statements" that do not directly or exclusively relate to historical facts, including statements relating to the targets of the Intelsat/TIBA sales strategy, statements relating to the companies' expectation that their collaboration will allow for more rapid expansion of the number of broadcasters on the existing IS-805 video community, statements relating to the possibility that this collaboration could result in the creation of one of the largest video neighborhoods in the Caribbean and Central and South America region, statements regarding the expectation that partnering with TIBA will enable Intelsat to maximize its assets by increasing the IS-805 satellite's accessibility among target customers wanting to distribute programming in the target region, statements relating to Intelsat's belief that the collaboration with TIBA significantly enhances Intelsat's video strategy and cements its commitment to providing valuable and reliable video services worldwide, and statements by the President and CEO of TIBA that the Intelsat/TIBA collaboration will offer enhanced benefits to customers joining the IS-805 satellite community and will make the Latin American video market more competitive. The forward-looking statements made in this news release reflect Intelsat's intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside of Intelsat's 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. In connection with Intelsat's collaboration with TIBA, known risks include, but are not limited to, insufficient market demand for the services to be offered; the quality and price of competing services; the risk of delay in implementing, or problems in the implementation of, the parties' collaboration or the failure to achieve planned business goals for the collaboration; political, economic and legal conditions in the markets being targeting for services; general economic conditions; and a change in the health of the IS-805 satellite or Intelsat's ground network infrastructure. More detailed information about known risks is included in Intelsat's annual report on Form 20-F for the year ended December 31, 2003 on file 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.