Satelites Mexicanos, S.A. de C.V. To Explore Strategic Alternatives

Satelites Mexicanos, S.A. de C.V. To Explore Strategic Alternatives

MEXICO CITY, July 7 /PRNewswire/ -- Satelites Mexicanos, S.A. de C.V. ("Satmex") announced today that its Board of Directors has decided to explore a range of strategic alternatives to further enhance shareholder value. These alternatives may include, but are not limited to, continued execution of Satmex's operating plan, financing and launch of an additional satellite, sale or merger of Satmex or another strategic transaction. Satmex has retained Perella Weinberg Partners as financial advisors in the evaluation process.

"We have begun taking clear steps to execute our plan to strengthen Satmex's position as a significant player in satellite operations in the Western Hemisphere and today I am very glad to announce Perella Weinberg Partners as our financial advisors. I am confident they will be a key element in the strategy to enhance value for our shareholders," said Patricio Northland, Satmex's Chief Executive Officer.

Satmex noted that there can be no assurance that the exploration of strategic alternatives will result in any transaction. Satmex does not intend to disclose developments with respect to this process unless and until the review of strategic alternatives has been completed.

About Satmex

Satmex is a main player in Latin America that offers radio, telephony and telecommunication services to 46 countries in the Continent, including the United States and Mexico. Also, the Satmex satellite fleet offers support for the development of rural areas in Mexico, with online education and rural telephony in remote places. Through the e-Mexico system, Satmex offers satellite capacity as a main component for the connectivity in this project of national interest. Satmex provides direct-to-home television service which offers TV programs in Spanish for Hispanic communities living in the United States, known as Alterna'TV. Satmex also owns a majority of Enlaces, a satellite broadband service provider which offers integrated communications solutions. To bring total coverage to the continent, the company holds 3 privileged Mexican orbital positions (113.0, 114.9 and 116.8, all in West degrees), where it has its satellites. For additional information, please visit our website at http://www.satmex.com/ .

First Call Analyst:
FCMN Contact:

Source: Satelites Mexicanos, S.A. de C.V.

CONTACT: Vladimir Saldana, +011-52-55-5246-0100 ext 224,
vsaldana@gcya.net, for Satelites Mexicanos

Web site: http://www.satmex.com/

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Profile: International Entertainment