Intelsat Announces Tender Offers and Consent Solicitations for 9¼% Senior Notes due 2014 and 6⅞% Senior Secured Debentures due 2028 of Intelsat Corporation

Intelsat S.A. announced that its subsidiary, Intelsat Corporation (“Intelsat Corp”) has commenced a tender offer (the “2014 Tender Offer”) to purchase for cash any and all of its outstanding $658.1 million aggregate principal amount of 9¼% Senior Notes due 2014 (the “2014 Notes”) on and subject to the terms and conditions set forth in Intelsat Corp’s Offer to Purchase and Consent Solicitation Statement dated September 16, 2010 relating thereto (the “2014 Offer to Purchase and Consent Solicitation Statement”).

In connection with the 2014 Tender Offer, Intelsat Corp is also soliciting the consent of the holders of the 2014 Notes (the “2014 Consent Solicitation”) to certain proposed amendments to the indenture governing the 2014 Notes, among other things, to eliminate substantially all of the restrictive covenants, certain events of default and certain other provisions contained in that indenture.

Intelsat Corp has also commenced a tender offer (the “2028 Tender Offer” and, together with the 2014 Tender Offer, the “Tender Offers”) to purchase for cash any and all of its outstanding $125.0 million aggregate principal amount of 6⅞% Senior Secured Debentures due 2028 (the “2028 Notes” and together with the 2014 Notes, the “Notes”) on and subject to the terms and conditions set forth in Intelsat Corp’s Offer to Purchase and Consent Solicitation Statement dated September 16, 2010 relating thereto (the “2028 Offer to Purchase and Consent Solicitation Statement” and, together with the 2014 Offer to Purchase and Consent Solicitation Statement, the “Offers to Purchase and Consent Solicitation Statements”).

In connection with the 2028 Tender Offer, Intelsat Corp is also soliciting the consent of the holders of the 2028 Notes (the “2028 Consent Solicitation” and, together with the 2014 Consent Solicitation, the “Consent Solicitations”) to certain proposed amendments to the indenture governing the 2028 Notes, among other things, to eliminate substantially all of the restrictive covenants, certain events of default and certain other provisions contained in that indenture.

The tender offer documents more fully set forth the terms of the Tender Offers and Consent Solicitations. The Notes and other information relating to the Tender Offers and Consent Solicitations are listed in the table below.