Intelsat Announces Pricing of Notes

Pembroke, Bermuda, 9 January 2007

Intelsat, Ltd., the world’s largest provider of fixed satellite services, announced today that its wholly-owned subsidiary, Intelsat (Bermuda), Ltd., priced $600 million aggregate principal amount of floating rate senior notes due 2015. The notes will bear interest at LIBOR plus 350 basis points. The net proceeds from the notes offering will be used, together with cash on hand, to repay Intelsat (Bermuda), Ltd.’s outstanding $600 million senior unsecured bridge loan. The notes offering is expected to close on 12 January 2007.

The notes referred to above will be offered to qualified institutional buyers under Rule 144A and to persons outside the United States under Regulation S. The notes will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the notes in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.