Loral Skynet Do Brasil to Provide Chile with Nationwide Satellite Communications Services

BEDMINSTER, NJ, July 11, 2006/Satnews Daily/ ― Loral Skynet do Brasil, a subsidiary of Loral Space & Communications (NASDAQ: LORL), has signed a contract with Chile's Empresa Nacional de Telecomunicaciones S.A. (ENTEL) to provide nationwide fixed satellite communications services aboard Loral Skynet's Estrela do Sul 1/Telstar 14 satellite.

Patrick Brant, president of Loral Skynet, said ENTEL joins many other Latin American telecommunications service providers and major international corporations on the Estrela do Sul 1/Telstar 14 satellite, which encompasses the entire Southern Cone of Latin America and reaches to portions of Antarctica.

ENTEL, Chile’s second largest telecommunications company, will lease one full Ku-band transponder that will provide comprehensive coverage throughout Chile. The contract was awarded as part of an open and competitive RFP process by ENTEL.

“This agreement with Loral Skynet-Brazil enables ENTEL to provide high quality satellite-based telecommunications services throughout Chile, even in our country's most remote and difficult-to-reach areas,” said Ricardo Buchi, CEO of ENTEL.

Strategically located at 63 degrees West longitude, the Estrela do Sul 1/Telstar 14 satellite reaches all parts of the 1,800-mile-long South American nation, including the city of Arica in the far north, the previously hard-to-reach cities of Puerto Montt and Coihaique, and Punta Arenas in the south, which is one of the southernmost cities in the world.

ENTEL plans to use the satellite capability to provide video distribution, Internet access and data transmission services to broadcasters, financial institutions and businesses throughout the country.

Loral added additional Loral Skynet satellite assets available to the South American region enable the company to offer coverage options in both C- and Ku-band.

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