Intellicom's customers have been successfully transitioned to CyberStar's network, and have begun using CyberStar's WorldCast suite of products that provide Internet Service Providers (ISPs) and carriers with high-speed access to Internet sites across the U.S.

"CyberStar's capabilities and stability offered Intellicom customers the best alternative to their current service. CyberStar has been delivering data using VSATs for more than a decade and was the first company to offer Internet backbone connectivity via satellite," said Neil Bauer, president, CyberStar. "We will not only continue to provide comparable services to Intellicom's former customer base, but will also offer them an expanded range of services."

Intellicom's former customers are based primarily in Central and Latin America and in the Caribbean and range from educational institutions to ISPs to third-party resellers and distributors.

CyberStar's WorldCast Internet service 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.

Using CyberStar's well-established backbone connectivity infrastructure, WorldCast 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 gives Internet service providers an instant infrastructure to efficiently deliver streaming media, video-to-the desktop and large-data files.

About Loral CyberStar

CyberStar is a leading satellite provider of high-quality data, voice, video and Internet backbone delivery to multinational enterprises and service providers, including carriers and Internet service providers. Using its global IP multicast network and fiber assets, CyberStar quickly, efficiently and cost-effectively 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 (NYSE: LOR) 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, Internet services, and broadband data services including business television, distance learning and video to the desktop.

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, 2001, entitled "Certain Factors That May Affect Future Results," and the company's other filings with the Securities and Exchange Commission. The reader is specifically referred to these documents regarding the factors and conditions that may affect future results.