Hong Kong , 2 December 2005 - Intelsat Limited ("Intelsat") and APT Satellite Company Limited, a subsidiary of APT Satellite Holdings Limited ("APT Satellite") (HKEx: 1045; NYSE: ATS), today signed a strategic cooperation agreement to work together using their combined satellite fleets. In a signing ceremony at the Island Shangri-La Hotel here, the two companies agreed to market each other's satellite capacity and ground resources, as well as to provide broadcast and telecommunications services to the Asia Pacific region, including China .
This strategic move will allow Intelsat, as well as its media and corporate data customers, to access the Asia Pacific market through APT Satellite's two newly launched satellites, APSTAR V and APSTAR VI. APT Satellite will have access to Intelsat's capacity in other regions of the world via Intelsat's fleet of 28 satellites, thereby expanding APT Satellite's reach and giving it the ability to seamlessly carry its customers' traffic wherever they may need service. As part of the alliance, the two companies have agreed to explore additional growth initiatives in the Asia-Pacific region, including China .
Mr. Ni Yifeng, Executive Director and President of APT Satellite, said, "Forming this strategic alliance will significantly strengthen APT Satellite's and Intelsat's sales and marketing functions in the region. The alliance will also enable APT Satellite to provide more comprehensive services to its customers."
"We believe that the agreement with APT Satellite positions us well to take advantage of any new business initiatives or opportunities that arise in the Asia Pacific region, including China, over the near and longer terms," stated David McGlade, CEO, Intelsat. "We believe that entering into this agreement creates value at the company and customer levels; it enables Intelsat to expand its service offerings in the region while creating a new avenue for customers of both companies to seamlessly take their traffic into or out of the region."
"Both Intelsat and APT Satellite will continue to explore other potential cooperation initiatives in the region, such as satellite digital multimedia broadcasting services," added Mr. Ni.
Intelsat is a global communications provider offering flexible and secure services to customers in over 200 countries and territories. Intelsat has maintained a leadership position for over 40 years by distributing video, voice, and data for television and content providers, government and military entities, major corporations, telecommunications carriers, and Internet service providers. Intelsat's reach, power and expanding solutions portfolio deliver information reliably and quickly to every corner of the globe. For more information, visit www.intelsat.com .
About APT Satellite Holdings Limited
APT SATELLITE HOLDINGS LIMITED (the "Group") is listed on both The Stock Exchange of Hong Kong Limited and New York Stock Exchange, Inc. Having started its operation in 1992, the Group provides high quality services in satellite transponders, satellite communication and broadcasting services for the broadcasting and telecommunication sectors in Asia Pacific, Europe and the United States . With the addition of APSTAR VI, the Group currently operates five geostationary satellites, namely APSTAR I, APSTAR IA, APSTAR IIR, APSTAR V, and APSTAR VI, through its own Satellite Control Center in Tai Po, Hong Kong. In line with its business development strategies, the Group has established its satellite TV broadcasting platform under the satellite TV broadcasting license granted by the Government of Hong<