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Mobile Satellite Ventures Appoints Vijay Venkateswaran Vice President of Services Development & Management

Posted on: Thursday, 24 August 2006, 18:00 CDT

RESTON, Va., Aug. 24 /PRNewswire/ -- Mobile Satellite Ventures (MSV), at the forefront of developing the first hybrid satellite-terrestrial communications network, announced today that Vijay Venkateswaran has joined the company as Vice President of Services Development and Management. Mr. Venkateswaran will report to Jack Dziak, Senior Vice President of Services and Distribution, and will assist in the formulation of MSV's next generation services strategy and portfolio development, and managing their services lifecycle.

"Vijay brings a strong combination of strategy, product operations and industry knowledge. Combined with his solid track record of bringing new services to market makes him a formidable addition to my team," said Jack Dziak, Senior Vice President of Services and Distribution at MSV. "As MSV executes on its long-term strategic vision, Vijay's extensive experience in broadband services and mobility will advance our strategic objectives and demonstrate MSV's vision for developing and deploying differentiated broadband mobile services and applications."

Prior to joining MSV, Mr. Venkateswaran was Director of New Value Added Services Innovation and Development at Verizon's Broadband Solutions Group. In this role, he was responsible for creating and executing Verizon's strategy, product development and management for new, digital value-added services for consumer and small business markets, including online games, Internet security, networked storage, online movies and digital music, as well as the creation of new e-Commerce systems and operational capabilities for driving new incremental revenues from digital, value-added services.

"The market is witnessing the emergence of new, cross platform fixed and mobile services that address the needs of a diverse base of consumers and business customers," said Venkateswaran. "Having a national footprint and a services delivery platform capable of rapidly developing and deploying a robust set of mobile IP services are key advantages. MSV is well positioned to leverage this position to shape the market landscape and be a leader in delivering targeted digital services that are relevant, innovative and generate customer value. I am truly excited by this tremendous opportunity to shape the future of mobile IP services."

Prior to joining Verizon, Venkateswaran was a Senior Manager at Accenture (formerly Andersen Consulting), serving in the Communications and High Tech vertical market unit. During his nine year tenure at the firm, he served a broad range of clients in the communications, high tech, data services, and software markets, in a variety of areas including: wireless/mobility, broadband services, information technology and data networking services.

Mr. Venkateswaran holds a Masters of Business Administration from the Darden School of Business at the University of Virginia, and both a Master's degree and Bachelor's degree in Electrical Engineering from the University of Virginia and George Mason University, respectively.

About Mobile Satellite Ventures

Mobile Satellite Ventures LP (MSV) is at the forefront of the development of the first hybrid satellite-terrestrial communications network, which will provide seamless, transparent and ubiquitous wireless coverage of North America to conventional handsets. It has extensive patents on the technology and holds the first and only FCC license to provide these services. Along with its Canadian joint venture partner, MSV Canada, MSV plans to launch two satellites for North American coverage, which will be among the largest and most powerful commercial satellites ever built. When completed, the network will transform communications in a variety of areas including public safety, homeland security, aviation, transportation and entertainment, by providing interoperable, user-friendly and feature-rich voice and high-speed data services. MSV received the first ATC license granted by the FCC, marking a new era for the mobile satellite industry.

Today MSV offers customers a wide choice of wireless data, voice, fax and dispatch radio services via the two MSAT satellites. It provides superior capacity and reliability across North America, northern South America, Central America, the Caribbean, Hawaii and their coastal waters.

MSV is privately held and its primary investors include Motient Corporation, SkyTerra Communications, TMI Communications, Columbia Capital, and Spectrum Equity Investors.

Mobile Satellite Ventures

CONTACT: Khristyn Brimmeier, +1-202-530-4584, Khristyn_Brimmeier@bm.com,for Mobile Satellite Ventures

Source: PRNewswire

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