Intelsat Announces Proposed Offering of Senior Notes and Repayment of Bridge Loan

Pembroke, Bermuda, 8 January 2007

Intelsat, Ltd., the world’s largest provider of fixed satellite services, today announced that its wholly-owned subsidiary, Intelsat (Bermuda), Ltd., intends to offer approximately $600 million of senior notes due 2015. The net proceeds from the offering will be used, together with cash on hand, to repay Intelsat (Bermuda), Ltd.’s outstanding $600 million senior unsecured bridge loan.

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.