SOURCE: Loral Skynet

June 15, 2005 07:50 ET

Loral Skynet Expands Asian Video Programming Neighborhood

International Television of Bangladesh Extends Current NTV Programming; Adds Second Channel on Telstar 10

BEDMINSTER, NJ -- (MARKET WIRE) -- June 15, 2005 -- Loral Skynet today announced that it has renewed an agreement with International Television, Bangladesh, to distribute its NTV channel, a leading news and entertainment source distributed to cable operators and direct-to-home users in Bangladesh and across Asia. In addition, International Television's subsidiary, National Television of Bangladesh, will launch RTV on Telstar 10 beginning in July 2005 to provide expanded news and entertainment.

"Telstar 10's satellite expansive coverage area allows us to provide International Television not only comprehensive regional distribution, but also the ability to send or receive its programming from outside the region, using only a single satellite," said Patrick Brant, president, Loral Skynet. "We're pleased to be expanding our relationship with NTV on one of Skynet's most important video distribution platforms worldwide."

International Television distributes its NTV programming using C-band capacity on Telstar 10, which hosts one of Asia's largest C-band video neighborhoods. The satellite delivers a variety of video programming and services from major entertainment providers, as well as data services, including SkyReach(SM), Loral Skynet's IP-based two-way broadband service.

"Telstar 10's strong video neighborhood and wide coverage has helped our NTV programming gain popularity among Bangladeshi viewers both living in Bangladesh and in other countries," said Enayetur Rahman, Managing Director of International Television. "We are happy to extend our current contract and are looking forward to the launch of National Television's newest offering, the RTV channel, on Telstar 10."

Telstar 10 is ideally located at 76.5 degrees East longitude, providing C-band coverage of Asia, Australia, parts of Europe and Africa. The Ku-band payload covers Korea, Taiwan, Macau and China, including Hong Kong. The satellite hosts an extensive array of cable programming and through a joint initiative with GlobeCast Asia, Skynet offers a powerful digital distribution platform on Telstar 10 that offers services including encryption, encoding, multiplexing and backhaul services.

Loral Skynet also operates Telstar 18, a high-power C- and Ku-band satellite that provides coverage from Central Asia, through the Indian sub-continent, China, Korea, Japan, South East Asia, Australia and Hawaii. It offers a strong footprint for intra-regional applications, as well as the ability to directly connect with the U.S.

NTV, a bangla-language channel, offers high-quality programming broadcast 24-hours-a-day. NTV is the highest-rated television channel in Bangladesh, offering a variety of programming, including news, entertainment, top drama serials, musical programs, movies, documentaries, children's programs, cultural programs and much more.

A pioneer in the satellite industry, Loral Skynet delivers the superior service quality and range of satellite solutions that have made it an industry leader for more than 40 years. Through the broad coverage of the Telstar satellite fleet, in combination with its hybrid VSAT/fiber global network infrastructure, Skynet meets the needs of companies around the world for broadcast and data network services, Internet access, IP and systems integration. Headquartered in Bedminster, New Jersey, Loral Skynet is dedicated to providing secure, high-quality connectivity and communications. For more information, visit the Loral Skynet web site at www.loralskynet.com.

In addition to being the parent company of Loral Skynet, Loral Space & Communications (OTC BB: LRLSQ) is a world-class leader in the design and manufacture of satellites and satellite systems for commercial and government applications through its Space Systems/Loral subsidiary. For more information, visit the Loral Space & Communications web site at www.loral.com.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, Loral Space & Communications Ltd. or its representatives have made or may make forward-looking statements, orally or in writing, which may be included in, but are not limited to, various filings made by the company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions. These factors include those related to the filing, on July 15, 2003, by Loral and certain of its subsidiaries, of voluntary petitions for reorganization under chapter 11 of title 11 of the United States Code in the United States District Court for the Southern District of New York and parallel insolvency proceedings in the Supreme Court of Bermuda in which certain partners of KPMG were appointed as joint provisional liquidators. Under Loral's proposed Plan of Reorganization, the company's existing common and preferred stock will be cancelled and no distribution will be made to the holders of such stock. A hearing for the court to consider confirmation of the Plan is currently scheduled for July 13, 2005. Additional factors and conditions are also described in the section of the company's annual report on Form 10-K for the fiscal year ended December 31, 2004, entitled "Commitments and Contingencies," and the company's other filings with the Securities and Exchange Commission. The reader is specifically referred to these documents.

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