These appointments are part of SkyTerra's previously announced plan to streamline the ownership structure and management of SkyTerra and MSV . Mr. Good is replacing Jeffrey Leddy, who has served as Chief Executive Officer and President of SkyTerra since April 2003 and was concurrently added to the Board of Directors of SkyTerra. Mr. Leddy also will retain his position on the MSV Board. At the time of Mr. Macleod's appointment, Craig Kaufman who has served as SkyTerra's Controller and Treasurer since April 2003, ceased his employment with the Company.

"Alex Good brings proven experience and competitive insight into the communications industry and Scott Macleod has a proven background in communications financings and financial management - key factors that will help drive the Company's competitive and strategic market positioning," said Jeff Leddy. "I am confident they can successfully guide development and implementation of SkyTerra's strategic plan and continue to bring value to our shareholders."

"The alignment of the SkyTerra and MSV management and ownership structure is an important next step for both companies - creating a single, public-entity vehicle, with improved liquidity, access to capital, and a more attractive platform for partners", said Mr. Good.

Mr. Good has a long history in the telecommunications field as an operating executive and on the Boards of telecom businesses. Mr. Good was the executive vice president of Bell Atlantic (now Verizon) and served as a member of that company's Executive Committee. Prior to that, Good served as CEO and President of Bell Atlantic International, where he led the company's high growth international operations. He also initiated and oversaw the company's investments in other areas, including the satellite industry. Prior to his service with Bell Atlantic, he served as CEO and Chairman of the Board of Mtel International.

Mr. Macleod brings extensive experience in financing and strategic advisory transactions within the telecom industry. From 2003 to 2006, Mr. Macleod was Managing Director responsible for Rothschild's North American Telecom practice. Prior to joining Rothschild, Mr. Macleod was Executive Vice President and Chief Corporate Development Officer of XO Communications and had previously been Managing Director and founding member of Merrill Lynch's Global Communications Group.

In commenting on the management changes, Andrew Africk, a Director of SkyTerra, said, "Under Jeff's leadership, SkyTerra has not only created significant shareholder value, but we have rationalized the ownership structure of MSV to better position it for the future. The dedication and hard work of Jeff and Craig have been instrumental in making all of this happen. The entire Board appreciates all they have done to get the Company to where it is today."

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