$156 Million Investment in WildBlue Closes, Led by Liberty Satellite, Intelsat and NRTC; WildBlue Funded Through 2004 Launch of Affordable Satellite Broadband Service.

Business Editors/High-Tech Writers

DENVER--(BUSINESS WIRE)--April 22, 2003

WildBlue Communications today announced that Liberty Satellite & Technology, Inc. (LSAT)(OTC:LSTTA)(OTC:LSTTB), Intelsat, National Rural Telecommunications Cooperative (NRTC), Kleiner Perkins Caufield & Byers, and David Drucker, WildBlue's chairman, have invested $156 million in the company. Liberty Satellite, Kleiner Perkins and David Drucker are existing shareholders. Intelsat and NRTC are new investors in WildBlue and will join the board of directors as part of this investment. This transaction was previously announced in December 2002.

"This large investment in WildBlue, in the face of tough financial markets, is a strong endorsement of WildBlue's business model and ability to revolutionize wireless broadband. WildBlue will change the consumer broadband market making affordable high-speed Internet access available to virtually every home and small business in the contiguous United States," said Thomas Moore, chief executive officer of WildBlue. "We are now able to complete our investment in the space and ground infrastructure to allow us to launch our service in 2004."

WildBlue will deliver affordable two-way wireless broadband services via satellite, direct to homes and small offices, throughout the contiguous United States in 2004. WildBlue is expected to be the first to launch the Ka-band spot beam satellite technology designed to lower the cost of providing consumers high-speed Internet access via satellite. The WildBlue system also will leverage proven terrestrial cable modem technology, resulting in lower customer equipment and installation costs, a critical requirement in satellite-based consumer services. WildBlue's service should be especially appealing to the millions of homes and small offices that lack access to DSL or cable modem service.

WildBlue initially will offer its services using its license for the U.S. Ka-band payload aboard Telesat Canada's Anik F2 satellite, being built by Boeing and scheduled to launch in late 2003 into the 111.1(degree) WL orbital location. Based on future financing, WildBlue plans to subsequently launch its own satellite, WildBlue-1, being manufactured by Space Systems Loral, into WildBlue's 109.2(degree) WL orbital location. "We believe that retail satellite broadband services in North America will be an important component of future growth in the fixed satellite services industry," said Conny Kullman, CEO of Intelsat, Ltd. "Millions of rural residents and small offices have no access to high-quality, affordable broadband service comparable to that available in urban areas. We have great confidence in WildBlue's strategic plan and believe it represents a key opportunity for Intelsat to capitalize on this market gap."

"NRTC's investment in WildBlue's technology platform will help enable rural America to receive the most advanced telecommunication services available," said Bob Phillips, NRTC president and chief executive officer. "Our electric and telco members have successfully provided other leading-edge telecommunications solutions, such as DIRECTV and Ku-band satellite Internet, to their customers and we are confident a similar effort will be a key to WildBlue's future success."

"Intelsat, Liberty Satellite, and NRTC are three of the most important strategic relationships we could have chosen. WildBlue is especially pleased to strengthen our partnership with existing investor Liberty Satellite, and to begin our relationships with Intelsat, the world's premier satellite services provider, and NRTC, the foremost distribution partner for rural America," said Thomas Moore, WildBlue CEO.

Intelsat offers telephony, corporate network, video and Internet solutions in approximately 200 countries via capacity on 26 geosynchronous satellites and a global terrestrial network. Liberty Satellite pursues strategic opportunities worldwide in the distribution of Internet data and other content via satellite and related businesses. NRTC supports more than 1,000 rural utilities in delivering telecommunications and information technology solutions to their communities. Kleiner Perkins is a leading venture capital partnership. David Drucker is the chairman of WildBlue and is making his investment as an individual.

In addition to the new investors, WildBlue's strategic investors include TeleSat (www.telesat.ca); EchoStar (www.echostar.com); Gemstar - TV Guide (www.tvguide.com); TRW (www.trw.com); and Arianespace (www.arianespace.com).

About Liberty Satellite & Technology, Inc. (www.libertysatellite.net)

Liberty Satellite and Technology, Inc., known as LSAT, pursues strategic opportunities worldwide in the distribution of Internet data and other content via satellite and related businesses. Through its majority-owned subsidiary, On Command Corporation, LSAT is a leading provider of in-room movies, broadband access and other entertainment and business services to the hotel industry. LSAT also holds strategic ownership positions in a range of video programming, satellite-delivered broadband distribution and satellite communication businesses, including WildBlue Communications, Astrolink International, and Sky Latin America. LSAT is a consolidated subsidiary of Liberty Media Corporation.

About Intelsat (www.intelsat.com)

Intelsat, Ltd. offers telephony, corporate network, video and Internet solutions around the globe via capacity on 26 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.

About the National Rural Telecommunications Cooperative (www.nrtc.org)

NRTC supports more than 1,000 rural utilities in delivering telecommunications and information technology solutions to their communities. NRTC's members and affiliates provide direct broadcast satellite (DBS) equipment and DIRECTV programming services to more than 1.6 million subscribers. NRTC is the largest provider of satellite television to rural homes, including households with no other television access to information and entertainment. NRTC also provides members Ku-band satellite Internet equipment and services for high-speed access to the Internet, regardless of location. Houlihan, Lokey, Howard & Zukin, an international investment bank, served as advisors to NRTC on the WildBlue investment.

About David Drucker

David Drucker is chairman of WildBlue Communications. He is also the majority shareholder of @Contact LLC, an applicant for a global Ka-band satellite constellation (www.download-now.net).

About WildBlue (www.wildblue.com)

WildBlue plans to roll out affordable broadband services via satellite direct to homes and small offices throughout the contiguous United States in 2004. WildBlue was founded to accelerate consumer broadband access to the Internet. WildBlue's solution intends to deliver on consumer desires for a fast, affordable, simple, reliable, always-on and two-way technology for wireless Internet access.