ROCKVILLE, MD - February 22, 2002 - Loral CyberStar, a global provider of high-quality data, video, content, and Internet services, today announced that it has signed an agreement with Net4India, one of India's leading Internet and infrastructure services companies. Net4India has become a value-added reseller (VAR) of CyberStar's WorldCast Fast Internet service, a service that will allow Net4India to deliver unparalleled, high-speed Internet access and other Web-based solutions to corporate local area networks (LANs) throughout India.

This agreement allows Net4India to provide enterprise customers in India with an end-to-end service for high-speed Internet access. Net4India will provide enterprises with complete support from installation and ground services through regulatory requirements and licensing to ongoing maintenance and service.

"Our relationship with CyberStar will allow us to provide innovative, cost-effective and faster Internet access to our growing customer base of large corporations and businesses. With CyberStar's WorldCast Fast Internet, we can finally provide organizations in India with the last-mile solution that they need for high-quality Internet connectivity," said Jasjit Sahwney, chief executive officer, Net4India, "Using satellite to bypass congested and unreliable terrestrial infrastructure reduces packet loss, provides premium quality of service and increases the reliability of the connection. WorldCast Fast Internet will help us to achieve our goal of providing the best-performing, most scalable Internet network available in India."

CyberStar's WorldCast Fast Internet provides cost-effective, high-performance connectivity to enterprises needing fast and reliable Internet access. Its single-hop satellite technology avoids the quality problems and unpredictable performance introduced by the many routers and network transfers necessary for terrestrial systems and its multicast capabilities allow cost-efficient distribution to multiple points of presence.

"Net4India has a very successful history of providing enterprise services to customers across India," said Raghu Das, vice president and general manager, Indian Ocean Region, Loral CyberStar. "WorldCast Fast Internet is a great fit for Net4India because it allows them to extend high-speed Internet access from the point of origination to the rooftop of the enterprise in the most expedient manner possible."

Using CyberStar's well-established WorldCast backbone connectivity infrastructure, WorldCast Fast Internet offers a number of services including point-to-point and point-to-multipoint connections, a range of speeds from 64 Kbps to 45Mbps, symmetric or asymmetric satellite links and the flexibility of configuring the network as satellite only or as a combination of satellite and terrestrial links. WorldCast Fast Internet gives Internet service providers an instant infrastructure to efficiently deliver streaming media, video-to-the desktop and large-data files.

About Net4India

Founded in 1999, Net4India, is a leading Indian Internet and infrastructure services provider headquartered in New Delhi, India with offices in Mumbai, Pune, Bangalore, Chennai and Hyderabad. Net4India provides services to the enterprise segment and offers solutions in five sectors - web solutions, network and systems integration, projects business, enterprise access solutions and E-commerce. In addition, Net4India is India's largest domain registration company, the country's largest Web hosting company and among the top three leaders in server co-location. For More information, visit Net4India at website http://www.net4india.com.

About Loral CyberStar

Loral CyberStar is a leading satellite provider of high-quality data, voice, video, and Internet backbone delivery to multinational enterprises and Internet service providers (ISPs). Using its global IP multicast network, CyberStar quickly and efficiently distributes multimedia and data-intensive content around the world via innovative high-speed satellite links that avoid network congestion, Internet bottlenecks, and underdeveloped infrastructure. Regardless of geographic location, time differences, or "last-mile" barriers, CyberStar can deliver data, broadband, streaming media, webcasts, and Internet backbone connectivity that meet end-user expectations. For more information, visit CyberStar's Web site at www.cyberstar.com.

About Loral Space & Communications

Loral Space & Communications is a high technology company that concentrates primarily on satellite manufacturing and satellite-based services, including broadcast transponder leasing and value added services, domestic and international corporate data networks, broadband data transmission, content and Internet services.

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In addition, from time to time, Loral Space & Communications Ltd. or its representatives have made or may make forward-looking statements, orally or in writing. Such forward-looking statements may be included in, but are not limited to, various filings made by the company with the Securities and Exchange Commission, press releases or oral statements made with the approval of an authorized executive officer of the company. Actual results could differ materially from those projected or suggested in any forward-looking statements as a result of a wide variety of factors and conditions. These factors and conditions have been described in the section of the company's annual report on Form 10-K for the fiscal year ended December 31, 2000, entitled "Certain Factors That May Affect Future Results," and the company's other filings with the Securities and Exchange Commission. With regard to forward-looking statements concerning Loral CyberStar, Inc. and its business, financial condition, results of operations and prospects, the factors and conditions which could materially affect these statements are described in the section of Loral CyberStar's annual report on Form 10-K for the fiscal year ended December 31, 2000, entitled "Certain Factors That May Affect Future Results." The reader is specifically referred to these documents regarding the factors and conditions that may affect future results.