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To: JEFF K who wrote (37916)	12/22/1998 3:26:00 PM
From: John Rieman	Respond to of 50808

Europe Star(New service that needs boxes and headends)............ skyreport.com Alcatel, Loral Wrap Up EuropeStar Deal Alcatel and Loral Space & Communications completed negotiations for the formation of EuropeStar, a new satellite-services company that will compete with the likes of PanAmSat anmd Intelsat. EuropeStar will provide video broadcast and telecommunications services throughout Europe, the Middle East, South Africa, India and Southeast Asia. It will be a member of the Loral Global Alliance, a network comprising the satellite capacity of Loral Skynet, which includes Telstar and Orion satellites, and SatMex. As a member of the alliance, EuropeStar will provide global satellite solutions, while focusing on the local and inter-regional needs within its coverage regions. The launch of the EuropeStar 1 satellite is scheduled for mid-2000. A second satellite, EuropeStar 2, is expected to be launched in 2002 and will be co-located with Europe*Star 1 at 45 degrees East.