SingTel expands relationship with Loral Skynet through new capacity lease

SINGTEL EXPANDS RELATIONSHIP WITH LORAL SKYNET THROUGH
NEW CAPACITY LEASES ON ASIAN SATELLITES

SingTel to use Loral's Telstar 10 and Telstar 18 satellites
to expand its capabilities across Asia

BEDMINSTER, NJ - January 13, 2005 - Loral Skynet today announced that it has
renewed an agreement with Singapore Telecommunications Limited (SingTel),
Asia's leading communications group, to distribute video, data,
telecommunications and VSAT services on Loral's Telstar 10 satellite. In
addition, SingTel has agreed to lease a full C-band transponder on Loral's
new Telstar 18 Asian satellite.
"Loral Skynet's satellite coverage gives SingTel the tools it needs to
expand its reach across Asia," said Patrick Brant, president, Loral Skynet.
"Skynet is focused on increasing its service offerings in this important
region of the world where demand for satellite communications to and from
the US and other regions remains strong."
Telstar 10, located at 76.5 degrees East longitude, and the recently
launched Telstar 18, located at 138 degrees East longitude, are powerful
Space Systems/Loral-built 1300 satellites whose combined coverage area
stretches from Eastern Europe and the Middle East, across Central Asia
through the Indian sub-continent, to China, Korea, Japan, South East Asia,
Australia and Hawaii.
In addition to hosting intra-regional applications, Loral also offers highly
reliable and low cost "one-hop" connectivity to and from the US mainland
through its earth station in Hawaii dedicated to Telstar 18.
SingTel is Asia's leading communications group with operations and
investments around the world. With significant operations in Singapore and
Australia (through wholly owned subsidiary SingTel Optus), it provides a
comprehensive portfolio of services that include voice and data services
over fixed, wireless and Internet platforms.
SingTel also has major investments in India, Indonesia, the Philippines and
Thailand. Together with its regional partners, SingTel is Asia's largest
multi-market mobile operator, serving more than 56 million customers in six
markets. SingTel employs more than 19,000 people worldwide and had a
turnover of S$12.0 billion (US$7.17 billion) and net profit after tax of
S$4.49 billion (US$2.68 billion) for the year ended 31 March 2004. More
information can be found at www.singtel.com and www.optus.com.au.
A pioneer in the satellite industry, Loral Skynet delivers the superior
service quality and range of satellite solutions that have made it an
industry leader for more than 40 years. Through the broad coverage of the
Telstar satellite fleet, in combination with its hybrid VSAT/fiber global
network infrastructure, Skynet meets the needs of companies around the world
for broadcast and data network services, Internet access, IP and systems
integration. Headquartered in Bedminster, New Jersey, Loral Skynet is
dedicated to providing secure, high-quality connectivity and communications.
For more information, visit the Loral Skynet web site at
www.loralskynet.com.
In addition to being the parent company of Loral Skynet, Loral Space &
Communications (OTC BB: LRLSQ) is a world-class leader in the design and
manufacture of satellites and satellite systems for commercial and
government applications through its Space Systems/Loral subsidiary.
# # #
Note to Editors: Telstar 18 carries a total of 54 active transponders, of
which sixteen are high-power Ku-band transponders and thirty-eight are
C-band transponders. In consideration for funding a portion of the satellite
project's cost, APT Satellite Company Limited, Hong Kong, will initially use
68.5 percent of Telstar 18's transponder capacity for APSTAR-V services. The
number of transponders used by APT will be reduced over time, ultimately to
54 percent of the satellite's capacity.
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, Loral Space &
Communications Ltd. or its representatives have made or may make
forward-looking statements, orally or in writing, which 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 include those related to the filing, on July 15,
2003 by Loral and certain of its subsidiaries, of voluntary petitions for
reorganization under chapter 11 of title 11 of the United States Code in the
United States District Court for the Southern District of New York and
parallel insolvency proceedings in the Supreme Court of Bermuda in which
certain partners of KPMG were appointed as joint provisional liquidators.
Additional factors and conditions are also described in the section of the
company's annual report on Form 10-K for the fiscal year ended December 31,
2003, entitled "Commitments and Contingencies," and the company's other
filings with the Securities and Exchange Commission. The reader is
specifically referred to these documents.
Contact:
John McCarthy
Loral Space & Communications
212/338-5345


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Jacques :-)

www.spacepatches.info