Intelsat Announces Pricing of Senior Notes

Pembroke, Bermuda, 14 October 2009

Intelsat, Ltd. today announced that its subsidiary, Intelsat Jackson Holdings, Ltd. (“Intelsat Jackson”), priced $500 million aggregate principal amount of 8½% senior notes due 2019 (the “notes”) at an issue price of 99.166%. The net proceeds of the notes will be used to fund Intelsat’s purchase of approximately $400 million face amount of Intelsat (Bermuda), Ltd.’s outstanding 11½%/12½% Senior PIK Election Notes due 2017, to pay related fees and expenses, and for general corporate purposes. The notes offering is expected to close on October 20, 2009.

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.

About Intelsat

Intelsat is the leading provider of fixed satellite services worldwide. For 45 years, Intelsat has been delivering information and entertainment for many of the world’s leading media and network companies, multinational corporations, Internet service providers and governmental agencies. Intelsat’s satellite, teleport and fiber infrastructure is unmatched in the industry, setting the standard for transmissions of video, data and voice services. From the globalization of content and the proliferation of HD, to the expansion of cellular networks and broadband access, with Intelsat, advanced communications anywhere in the world are closer, by far.

Contact

Dianne VanBeber
Intelsat
dianne.vanbeber@intelsat.com
+1 202 944 7406

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. The forward-looking statements made in this release reflect Intelsat's intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, including known and unknown risks. Detailed information about some of the known risks is included in Intelsat's annual report on Form 10-K for the year ended 31 December 2008 and Intelsat's other periodic reports filed 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.