Intelsat's IS-10-02 Satellite Launch Successful: Satellite to Provide High-Power Coverage of Europe, Africa, South America and the Middle East.

WASHINGTON -- Intelsat announced today that the IS-10-02 satellite was successfully launched aboard an ILS Proton launch vehicle. The satellite is expected to become operational this August. A[paragraph]Once in position at 359 degrees E, the IS 10-02 satellite will offer capacity for video, Internet, corporate networks, telephony and hybrid space/terrestrial solutions to customers on its 70 C-band and 36 Ku-band transponders (measured in 36 MHz equivalent units). The satellite will provide high power Ku-band spot beam coverage for Europe and the Middle East, ideally suited to support corporate VSATs, broadcast content distribution and broadband applications, including high-speed Internet access, multicasting and streaming; and C-band capacity to customers in South America, Europe, Africa and portions of Asia and North America. A[paragraph]Approximately 50 percent of the satellite's Ku-band transponders are owned by the Norwegian company Telenor Broadcast Holdings AS, through its subsidiary Telenor Satellite Broadcasting, the leading satellite operator and satellite services provider in the Nordic Countries, and a long-standing customer of Intelsat. Canal Digital AS, the largest distributor of pay-TV services in the Nordic market together with other customers will use the satellite for television, broadband, voice, data and Internet applications in Europe and the Middle East. A[paragraph]Intelsat, Ltd. CEO Conny Kullman stated, "The successful launch of the IS-10-02 - the most powerful spacecraft in our global fleet - demonstrates Intelsat's commitment to engineering excellence. This successful launch, celebrated during the year of Intelsat's 40th anniversary, reinforces our historic commitment to delivering the highest quality communications and technology to our customers throughout the world." A[paragraph]Stig Eide Sivertsen, CEO of Telenor Broadcast said "We have enjoyed working with Intelsat over the years and especially on the procurement of this satellite. Its new high power footprint will help provide competitive advantage for us and our customers in Europe and the Middle East." A[paragraph]The IS-10-02 satellite will replace the IS-707, which currently holds the 359 degrees E orbital slot but will be moved to a new location at 307 degrees E to support customer demand in the Americas, Europe and Africa.

A[paragraph]About Intelsat

A[paragraph]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.

A[paragraph]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 expectation that the IS-10-02 satellite will become operational in August 2004, statements relating to the applications for which the IS-10-02 satellite will offer capacity, statements relating to the geographic regions for which the IS-10-02 will provide coverage. 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.

A[paragraph]About Telenor

A[paragraph]Telenor ASA is headquartered in Oslo, Norway, an international provider of high quality telecommunications, data and media communication services. Telenor is one of Norway's largest companies with revenues in 2003 of approx. NOK 53.1 billion and a work-force of 19,450 domestically and abroad. Telenor is listed at the Oslo Stock Exchange (TEL) and Nasdaq in New York (TELN). For more information, visit www.telenor.com. A[paragraph]Telenor Broadcast is Telenor's business area for TV distribution, and holds a leading position in the Nordic markets. Telenor Broadcast coordinates Norwegian and Nordic TV distribution as well as content and interactive services for TV through satellite, cable and terrestrial networks. The area includes Canal Digital, Norkring, Conax, and Telenor Satellite Broadcasting. A[paragraph]Telenor Satellite Broadcasting is the leading satellite operator and the leading satellite services provider in the Nordic countries. Providing the satellite transmission network for Canal Digital's 130+ channel pay-TV network, Telenor Satellite Broadcasting also provides high quality voice, data, video and Internet solutions to more than 100 customers in Europe and the Middle East. For more information, visit www.telenorsbc.com.