June 24, 2008

Satmex Signs Agreement With Space Systems/Loral for Construction of Satmex 7

MEXICO CITY, June 24 /PRNewswire/ -- Satelites Mexicanos S.A.B. de C.V. (Satmex) today announced that it has issued an Authorization To Proceed (ATP) with the construction of Satmex 7 to Space Systems/Loral (SS/L). The new satellite will provide Fixed Satellite Services (FSS) in the Americas.

"We are delighted to sign this agreement with Space Systems/Loral, the leading provider of design and construction of commercial satellites worldwide. This is without a doubt a key step in the plans to strengthen Satmex as a main player in satellite operations in the Western Hemisphere," said Luis Rebollar, Chairman of Satmex.

Satmex 7 will be latest generation high-power C and Ku-band satellite that will augment the current Satmex fleet in providing services such as broadband, voice and data transmission, and video broadcasting, including HDTV. It is being designed to be located at 114.9 degrees West, today occupied by Solidaridad 2, and its launch is programmed for 2011.

"The new Satmex 7 will allow Satmex to consolidate our position by enhancing the operational capacity of the company and strengthening its extraordinary value offer to multinational companies and governmental bodies throughout the Americas," said Patricio Northland, Satmex CEO. "Our privileged orbital positions and the advanced technology of Satmex 7 will be key elements for the growth of the company in the following years," added Northland.

The new satellite is based on SS/L's space-proven 1300 satellite bus, which provides the flexibility for a broad range of applications. To date SS/L satellites have amassed more than 1,400 years of reliable on-orbit service.

About Satmex

Satmex is a main player in Latin America, offering radio, telephony and telecommunication services to 46 countries in the Americas, including the United States and Mexico. Additionally, the Satmex Satellite fleet offers support for the development of rural areas in Mexico, with online education and rural telephony in remote places. Through the e-Mexico system, Satmex offers satellite capacity as a main component for connectivity in this project of national interest.

To bring total coverage to the Americas, the company holds 3 privileged Mexican orbital positions (113.0, 114.9 and 116.8, all in West degrees), where it has its satellites.

   Contact:   Vladimir Saldana   (52-55) 5246-0100 ext 224   [email protected]  

Satelites Mexicanos S.A.B. de C.V.

CONTACT: Vladimir Saldana, +011-52-55-5246-0100, ext 224,[email protected], para Satelites Mexicanos