Intelsat and Telespazio to Provide Worldwide Communications Services to Oil and Gas Industry Contractor Saipem, an ENI Company

Business Wire, June 28, 2004

LONDON -- Intelsat, a leading global communications provider, has been chosen by Telespazio to provide oil and gas industry contractor Saipem, an ENI company, with voice and data services to support its worldwide on-shore and off-shore construction, drilling and deep water operations.

Intelsat's global solution, utilizing the IS-701, IS-905 and IS-904 satellites, will allow 16 oil and gas vessels traversing the Atlantic, Pacific and Indian Oceans to transmit voice and data traffic to Saipem's land-based operations center located in Europe. In combination with Telespazio's Fucino teleport, Intelsat's satellite system, Riverside teleport facility in California and fiber-optic cable interconnections are creating a truly global communications solution for Saipem. Each of the 16 vessels will be equipped with a 2.4 meter C-band maritime antenna to communicate with Intelsat's satellite system. This network is integrated into Saipem's global terrestrial network which is managed by Albacom, a telecom provider.

"Intelsat's robust network is well suited to carry this solution as it offers Saipem the flexibility and reliability it needs to communicate efficiently to and from almost any ocean region on a global scale," said Paolo Binelli, Network and Multimedia business unit manager at Telespazio. "In the oil and gas industry, it is important to have a trustworthy and secure network, such as Intelsat's, in place to transmit data between ocean-based vessels and processing centers in order to maintain the accuracy and integrity of the information."

"Intelsat's diverse network and four decades of experience as a satellite services leader, combined with Telespazio's service provision strength, create a winning combination that allows us to pass along a valuable knowledge base to customers on land or at sea," said Ramu Potarazu, COO, Intelsat Ltd. "Our strength and know-how in the provision of services to important vertical markets, such as oil and gas, gives our customers the peace of mind that information critical to the success of their businesses is being transmitted in a steadfast, reliable manner."

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 Telespazio

Telespazio, a Finmeccanica Company, is the "leading innovator" in space systems and satellite applications for businesses and institutions worldwide. Telespazio is a private operator offering a complete range of satellite solutions: satellite in orbit control, ground segment design, fixed and mobile telecommunications, television services, broadband multimedia, Earth observation data and applications, navigation and research and development. For more information, visit www.telespazio.it.

Intelsat Safe Harbor Statement: 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 Intelsat's solution offering Saipem the flexibility and reliability it needs to communicate efficiently to and from almost any ocean region and statements relating to Intelsat's well-built network and four decades of experience creating a winning combination that allows us to pass along a valuable knowledge base to customers and statements relating to Intelsat's strength and know-how in the provision of services giving customers the peace of mind that information critical to the success of their businesses is being transmitted in a steadfast, reliable manner. 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. 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.