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PANAMSAT SET TO LAUNCH GLOBAL SYSTEMWITH CLOSE TO US $1 BILLION IN PRE-LAUNCH AGREEMENTS

 GREENWICH, Conn., Dec. 3 /PRNewswire/ -- PanAmSat, the world's first private global satellite system, today announced that with still six months to go before the launch of the first of its three new satellites, it has pre-launch agreements on the books for US $958 million dollars for future satellite capacity on its Global Satellite System. Agreements for capacity on the new satellite fleet have been reached with many of the worlds leading programmers. The list includes Turner Broadcasting, ESPN International, Grupo Televisa S.A. de C.V., M-NET, the SABC/Sentech and the ABS-CBN Broadcasting Corp., Philippines. Names of other programmers could not be released at press-time.
 "These agreements mark the first time a satellite operator has announced pre-launch agreements of this magnitude," said Fred Landman, president of PanAmSat. "If you add the revenues of our PAS-1 satellite, the total going forward contacts on the PanAmSat system is over US $1.2 billion dollars."
 In May 1994, PanAmSat at will launch PAS-2 to serve the Asia-Pacific region. Launches of PAS-3 and PAS-4 are scheduled for November/December 1994 and May 1995. The PanAmSat Global Satellite System is the first system designed expressly for the broadcast and video programming industry. State-of-the-art technology has been employed to allow PanAmSat customers to access small antennas for the delivery of their programming anywhere in the world.
 John Agnoli, president of Turner International stated: "Turner Broadcasting is committed to serving the world's expanding television interests by providing quality programming to a global audience. Our agreement with PanAmSat, with its state-of-the-art technology, is an important step in achieving this goal."
 PanAmSat became the worlds first private international satellite system with the launch of PAS-1 in June 1988. Within three years of launch, the PAS-1 satellite was booked to capacity. PanAmSat currently carries over 35 full-time program service on the PAS-1 satellite. PAS-1's success, prompted the expansion of PanAmSat's specialized private satellite services into every region of the world. In November 1991, PanAmSat signed an agreement with Hughes Aircraft for three customized HS 601 satellites. This was later expanded to include a fourth satellite as a ground spare. This announcement was followed with an agreement with Arianespace in June 1992 for the launch of three new satellites.
 -0- 12/3/93
 /CONTACT: Elizabeth Dickins, director public relations, or Dan Marcus, investor relations, of PanAmSat, 203-622-6664/


CO: PanAmSat ST: Connecticut IN: TLS ARO SU: LIC

LD -- NY003 -- 0093 12/03/93 08:01 EST
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Publication:PR Newswire
Date:Dec 3, 1993
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