Axesat Expands Broadband Service Contract with Intelsat; Reaches New Markets

Business Wire, July 19, 2004

LONDON -- Intelsat today announced that Axesat, a Colombian provider of satellite access services, has renewed and expanded its broadband service contract with Intelsat. The additional capacity is being used to extend Axesat's regional presence to serve existing as well as new customers in areas it previously had not served, such as Central America, Venezuela and Ecuador.

Axesat is utilizing Intelsat's managed broadband service, including space segment on the IS-805 satellite located at 304.5 degrees E in conjunction with a broadband hub located in Bogota, Colombia, to provide the expanded services.

"Intelsat's continued commitment to technological development in this region, as well as its demonstrated support of Axesat's growth initiatives, gives us an edge in the emerging Latin American broadband marketplace," said Mauricio Segovia, President, Axesat S.A. "Intelsat's reliable management of our broadband network has enabled us to spend our time expanding our business into new areas where we had not previously offered services." As a result of its expanded relationship with Intelsat, Axesat has become the largest provider of satellite-based broadband Internet access solutions in Colombia.

Intelsat's broadband offering gives service providers the ability to provide broadband Internet access on a proven platform to small and medium sized businesses and small or home offices. It can support last-mile Internet access, e-commerce, FTP, distance learning, Extranet and Intranet as well as virtual private networks. Intelsat's managed service broadband package bundles space segment, teleport uplink services, network management and Internet backbone connectivity for customers.

Ramu Potarazu, COO, Intelsat Ltd., stated, "Intelsat began offering managed services in an effort to help our customers grow their businesses by reducing the amount of time they committed to managing their network infrastructures. Witnessing Axesat's successful expansion into new markets first-hand is proof to us that our managed service offerings can significantly benefit our customers in the exact way we had intended."

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.

Some of the statements in this news release constitute "forward-looking statements" that do not directly or exclusively relate to historical facts, including statements that Intelsat's managed service offerings can significantly benefit Intelsat's customers, allowing them to grow their businesses by reducing the amount of time they commit to managing their infrastructures. The forward-looking statements made in this 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. Detailed information about some of the 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.