Exhibit 99.1

News Release

2011-5

Contact

Dianne VanBeber

dianne.vanbeber@intelsat.com

+1 202 944 7406

Intelsat Reports Full Year 2010 Results

Fourth Quarter 2010 Revenue of $644 Million Advances 4 Percent as Compared to Prior Year Period

Luxembourg, 8 March 2011

Intelsat S.A., the world’s leading provider of fixed satellite services, today reported results for the three months and year ended December 31, 2010.

Intelsat S.A. reported revenue of $644.0 million and a net loss of $115.8 million for the three months ended December 31, 2010. The company also reported Intelsat S.A. EBITDAⁱ, or earnings before net interest, loss on early extinguishment of debt, taxes and depreciation and amortization, of $459.6 million, and Intelsat Luxembourg Adjusted EBITDAⁱ of $503.3 million, or 78 percent of revenue, for the three months ended December 31, 2010.

Intelsat S.A. also reported revenue of $2.5 billion and a net loss of $505.5 million for the year ended December 31, 2010. The net loss includes non-cash charges of $110.6 million incurred for impairments of assets resulting from satellite anomalies in the first half of 2010. The company also reported Intelsat S.A. EBITDA of $1.7 billion and Intelsat Luxembourg Adjusted EBITDA of $2.0 billion, or 78 percent of revenue, for the year ended December 31, 2010.

Intelsat CEO Dave McGlade stated, “Our fourth quarter 2010 revenue growth of 4 percent capped a solid second half of 2010. Our Government business grew 14 percent in the quarter and 16 percent for 2010. Our Network Services and Media businesses were solid despite the effects of the two satellite anomalies that occurred in the first half of 2010. During the year, we increased and improved capacity for future growth as new satellites entered service, including Intelsat 14, Intelsat 16 and Intelsat 25, and we built backlog through long-term agreements with strategic accounts in each of our customer sets. Our contracted backlog grew to $9.8 billion at December 31, 2010, providing visibility and stability of future cash flows.”

McGlade continued, “Our capital investment program emphasizes building capacity in frequency bands and regions in which we can support customers’ long-term requirements for critical communications infrastructure. The dynamic nature of our global fleet, orbital rights, and IntelsatONE terrestrial network allow us to be responsive to new applications and opportunities across all of the regions we serve. Two important satellite launches are currently scheduled for 2011, namely Intelsat New Dawn, serving Africa, and Intelsat 18, serving the Asia-Pacific region. The development of the six other satellites in the current plan continues to progress, including Intelsat 21 and Intelsat 27, which will bring new capacity to our fastest growing region, Latin America.”

Intelsat continues to build its leadership in providing capacity and services for government applications, with a focus on growing multi-year commitments. CapRock Government Solutions, Inc. and DRS Technologies have separately contracted with Intelsat for on-network satellite capacity under multi-transponder, multi-year agreements. Tachyon, Inc., a provider of mobility solutions for military applications, signed a multi-year agreement with Intelsat for capacity to support intelligence, surveillance and reconnaissance.

In November 2010, Intelsat’s wholly-owned subsidiary, Intelsat General Corporation, was awarded Future COMSATCOM Services Acquisition (FCSA) contracts in two new schedule areas: Transponded Services and Subscription Services. Intelsat General was among the first commercial satellite operators to be granted this eligibility under the new contract vehicle jointly managed by the General Services Administration (GSA) and the Defense Information Systems Agency (DISA). The award will permit the Department of Defense to directly acquire transponder capacity and subscription services from Intelsat General Corporation during the initial five-year term.

Intelsat continues to focus on attracting direct-to-home (DTH) television platforms and programmers to its valuable regional satellite video neighborhoods.

Brazil’s most recent DTH television services entrant, Global Village Telecom Ltda. (“GVT”), announced that it selected Intelsat for its satellite platform for the GVT high definition DTH service which is expected to launch later this year. Under the ten-year agreement, GVT will launch its service at 304.5 degrees E, transitioning to a high power Ku-band beam on Intelsat 27 following that satellite’s expected entry into service in 2013.

African DTH provider, Sentech, renewed its commitment to 68.5 degrees E, extending its current agreements on Intelsat 7 and Intelsat 10 through the transition to the Intelsat 20 satellite, expected to launch in 2012.

Multicultural DTH service operator, GlobeCast America Inc., and its affiliate, GlobeCast France SAS, renewed their commitments on Galaxy 19 and added new capacity under a long-term agreement on Intelsat 903, respectively.

Intelsat’s regional video satellite neighborhoods also provide a cost-efficient distribution platform for programmers distributing content to cable headends. View Africa Network expanded its commitment for capacity at 68.5 degrees E, adding to its presence on the popular African distribution neighborhood.

Transmission capacity in support of VSAT networking continues to be an important source of revenue for our Network Services business. Telkom SA Limited, Africa’s largest integrated communications company, renewed and extended a contract for services on Intelsat 12 in support of its enterprise business.

Intelsat’s Network Services business provides capacity and other services in support of cellular backhaul and telecommunications infrastructure. In the fourth quarter, CJSC Synterra, an affiliate of the MegaFon group and a national telecommunications provider in Russia, signed a multi-transponder, long-term agreement for Ku-band capacity on Intelsat 17 to support its network infrastructure. Separately, France Telecom affiliates, Orange Cameroun SA and Orange Niger, signed multi-year, multi-transponder agreements for capacity on our Intelsat 22 and Intelsat 17 satellites, respectively.

Intelsat 17 successfully launched in November 2010 and entered service in January 2011. In total, Intelsat currently has eight satellites in development, including Intelsat New Dawn. Intelsat has two launches scheduled before year-end 2011: Intelsat New Dawn, expected to launch late in the first quarter of 2011, and Intelsat 18, scheduled to launch later in 2011.

In April 2010, the Galaxy 15 satellite suffered an anomaly resulting in our inability to command the satellite. In December 2010, we recovered command of the satellite. The satellite subsequently received software updates and successfully completed testing of its functionality with virtually no impact to the expected useful life of the satellite. We restored Galaxy 15 to operations in mid-February 2011; it will initially serve as an in-orbit spare for North America.

Intelsat’s average fill rate on its approximately 2,125 station-kept transponders was 78 percent at December 31, 2010.

On January 12, 2011, Intelsat Jackson Holdings S.A. (“Intelsat Jackson”) borrowed a $3.25 billion term loan under a new $3.75 billion secured credit agreement (“the Intelsat Jackson Secured Credit Agreement”), including a $500 million revolving credit facility. Approximately $2.5 billion of the net proceeds of the term loan were contributed or loaned to Intelsat Jackson’s indirect subsidiary, Intelsat Corporation, which used such funds to repay all existing indebtedness under Intelsat Corporation’s senior secured credit facilities, including approximately $1.8 billion of term loans, and to redeem all of the $580.7 million aggregate principal amount outstanding of Intelsat Corporation’s 9  ¹/4% Senior Notes due 2016. Separately, Intelsat Corporation also redeemed all of its 9  ¹/4% Senior Notes due 2014 and 6  ⁷/8% Senior Secured Debentures due 2018. In addition, Intelsat Jackson contributed approximately $330.2 million of the net proceeds of the new term loan to Intelsat Jackson’s indirect subsidiary, Intelsat Subsidiary Holding Company S.A. (“Intelsat Sub Holdco”), to repay all existing indebtedness under Intelsat Sub Holdco’s senior secured credit facilities. The remainder of the net proceeds from the new term loan is expected to be used to fund a portion of two planned note redemptions announced in February 2011, as described below.

On February 16, 2011, Intelsat S.A. issued a notice of redemption stating that it intends to redeem all of the $485.8 million aggregate principal amount outstanding of its 7  ⁵/8% Senior Notes due 2012, and Intelsat Sub Holdco issued a notice of partial redemption stating that it intends to redeem $225.0 million aggregate principal amount of its 8  ¹/2% Senior Notes due 2013, each on or around March 18, 2011. These redemptions are expected to be funded with cash on hand, primarily from the excess proceeds received by Intelsat Jackson from its borrowings under the Intelsat Jackson Secured Credit Agreement and from a September 2010 issuance of notes by Intelsat Jackson.

Transponder Services—an aggregate increase of $19.3 million. This resulted from a $10.4 million increase from network services customers, primarily in the Africa and Middle East and Latin America and Caribbean regions, the impact of the migration of one customer from managed services to transponder services, an $8.6 million increase from increased capacity sold by our Intelsat General business and a $7.1 million increase from media customers primarily in Latin America. These increases of $26.1 million in the aggregate were partially offset by an aggregate decrease of $6.8 million in revenues related to the IS-4 satellite anomaly, which primarily affected revenue from customers in the Europe and the Africa and Middle East regions, and the Galaxy 15 satellite anomaly, which mostly affected revenue from customers in the North America region.

Managed Services—an aggregate decrease of $6.7 million primarily due to a decline in trunking services sold in the Africa and Middle East region and the impact of the migration of one network services customer from managed services to transponder services.

Channel—an aggregate decrease of $4.2 million related to the continued migration of point-to-point satellite traffic to fiber optic cables, a trend which we expect will continue.

An aggregate increase of $14.8 million, largely due to a $13.9 million increase in revenues from off-network transponder services and mobile satellite services (“MSS”) primarily sold by our Intelsat General business.

Direct costs of revenue increased by $6.5 million, or 6 percent, to $110.8 million for the three months ended December 31, 2010 as compared to the three months ended December 31, 2009. The increase was primarily due to an increase of $11.1 million for purchases of off-network fixed satellite services (“FSS”) and MSS capacity, primarily related to increased transponder services sold by our Intelsat General business, and a $2.0 million increase in insurance costs due to satellites launched in 2010. These increases were partially offset by declines of $3.4 million in licenses and fees expenses and $3.2 million in compensation costs.

Selling, general and administrative expenses decreased by $11.4 million, or 13 percent, to $75.6 million for the three months ended December 31, 2010 as compared to the three months ended December 31, 2009. The decrease was primarily due to a $14.1 million decrease in compensation costs, of which $11 million related to non-cash stock compensation costs, and a $2.9 million decrease in professional fees. These decreases were partially offset by a $6.0 million increase in bad debt expense, which increased from a $2 million credit in the fourth quarter of 2009 due to the collection of previously reserved accounts.

Depreciation and amortization expense increased by $8.9 million to $201.8 million for the three months ended December 31, 2010 as compared to the three months ended December 31, 2009. The increase was primarily due to the following:

an increase of $15.5 million in depreciation expense resulting from the impact of satellites placed into service during the second half of 2009 and the first quarter of 2010; partially offset by

a decrease of $3.7 million in amortization expense primarily due to changes in the expected pattern of consumption of amortizable intangible assets; and

a net decrease of $3.4 million in depreciation expense due to the timing of certain satellites, ground and other assets becoming fully depreciated, the impairment of our IS-4 and Galaxy 15 satellites following the anomalies that occurred in 2010, and changes in estimated remaining useful lives of certain satellites.

The gain on derivative financial instruments was $1.1 million for the three months ended December 31, 2010 compared to a loss of $8.0 million for the three months ended December 31, 2009. For the three months ended December 31, 2010, the gain on derivative financial instruments related to a $5.4 million gain on our interest rate swaps, partially offset by a $4.3 million loss on the put option embedded derivative associated with one series of Intelsat Sub Holdco’s notes.

Interest expense, net consists of the gross interest expense we incur less the amount of interest we capitalize related to capital assets under construction and less interest income earned. As of December 31, 2010, we also held interest rate swaps with an aggregate notional amount of $2.3 billion to economically hedge the variability in cash flow on a portion of the floating-rate term loans under our senior secured and unsecured credit facilities. The swaps have not been designated as hedges for accounting purposes. Interest expense, net increased by $9.0 million, or 3 percent, to $344.0 million for the three months ended December 31, 2010, as compared to $335.0 million for the three months ended December 31, 2009. The increase in interest expense, net was principally due to the higher net principal amount of debt outstanding.

Non-cash items in interest expense, net for the three months ended December 31, 2010 included $41.1 million of payment-in-kind interest expense and $24.6 million primarily associated with the amortization of deferred financing fees incurred as a result of new or refinanced debt and the amortization and accretion of discounts and premiums.

Network Services

Media

Government

Other

On-Network Revenues

Transponder Services

Managed Services

Channel

Total on-network revenues

Off-Network and Other Revenues

Transponder, MSS and off-network services

Satellite-related services

Total off-network and other revenues

Total

In this release, financial measures are presented both in accordance with GAAP and also on a non-GAAP basis. EBITDA, Intelsat Luxembourg Adjusted EBITDA, free cash flow from operations figures and related margins included in this release are non-GAAP financial measures. Please see the consolidated financial information below for information reconciling non-GAAP financial measures to comparable GAAP financial measures. Intelsat Luxembourg Adjusted EBITDA is a term based on Adjusted EBITDA, as defined in the indenture governing the 11 ¹/4% Senior Notes due 2017 and the 11 ¹/2%/12 ¹/2% Senior PIK Election Notes due 2017 issued by Intelsat (Luxembourg) S.A. (the “2017 PIK Notes”) on June 27, 2008. Please see the reconciliations of Intelsat Luxembourg Adjusted EBITDA to Intelsat S.A. EBITDA provided with the consolidated financial information below.

Revenue

Operating expenses:

Direct costs of revenue (exclusive of depreciation and amortization)

Selling, general and administrative

Depreciation and amortization

Losses (gains) on derivative financial instruments

Total operating expenses

Income from operations

Interest expense, net

Gain (loss) on early extinguishment of debt

Other income, net

Loss before income taxes

Provision for income taxes

Net loss

Net income attributable to noncontrolling interest

Net loss attributable to Intelsat S.A.

Revenue

Operating expenses:

Direct costs of revenue (exclusive of depreciation and amortization)

Selling, general and administrative

Depreciation and amortization

Impairment of asset value

Losses on derivative financial instruments

Total operating expenses

Income from operations

Interest expense, net

Gain (loss) on early extinguishment of debt

Other income, net

Loss before income taxes

Provision for (benefit from) income taxes

Net loss

Net loss attributable to noncontrolling interest

Net loss attributable to Intelsat S.A.

Net loss attributable to Intelsat S.A.

Add:

Interest expense, net

(Gain) loss on early extinguishment of debt

Provision for (benefit from) income taxes

Depreciation and amortization

Intelsat S.A. EBITDA

Intelsat S.A. EBITDA margin

Reconciliation of net cash provided by operating activities to net loss attributable to Intelsat S.A.:

Net cash provided by operating activities

Depreciation and amortization

Impairment of asset value

Provision for doubtful accounts

Foreign currency transaction gain (loss)

Loss on disposal of assets

Share-based compensation expense

Deferred income taxes

Amortization of discount, premium, and other non-cash items

Interest paid-in-kind

Gain (loss) on early extinguishment of debt

Share in gain of unconsolidated affiliates

Gain on sale of investment

Unrealized gain (loss) on derivative financial instruments

Other non-cash items

Net income (loss) attributable to noncontrolling interest

Changes in operating assets and liabilities, net of effect of acquisition

Net loss attributable to Intelsat S.A.

Add (Subtract):

Interest expense, net

(Gain) loss on early extinguishment of debt

Provision for (benefit from) income taxes

Depreciation and amortization

Intelsat, S.A. EBITDA

Add (Subtract):

Parent and intercompany expenses, net

EBITDA from unrestricted subsidiaries

Compensation and benefits

Management fees

Share in gain of unconsolidated affiliates

Impairment of asset value

(Gain) loss on derivative financial instruments

Gain on sale of investment

Non-recurring and other non-cash items

Satellite performance incentives

Intelsat Luxembourg Adjusted EBITDA

Intelsat Luxembourg Adjusted EBITDA Margin

Current assets:

Cash and cash equivalents

Receivables, net of allowance of $20,517 in 2009 and $21,748 in 2010

Deferred income taxes

Prepaid expenses and other current assets

Total current assets

Satellites and other property and equipment, net

Goodwill

Non-amortizable intangible assets

Amortizable intangible assets, net

Other assets

Total assets

Current liabilities:

Accounts payable and accrued liabilities

Taxes payable

Employee related liabilities

Accrued interest payable

Current portion of long-term debt

Deferred satellite performance incentives

Deferred revenue

Other current liabilities

Total current liabilities

Long-term debt, net of current portion

Deferred satellite performance incentives, net of current portion

Deferred revenue, net of current portion

Deferred income taxes

Accrued retirement benefits

Other long-term liabilities

Redeemable noncontrolling interest

Shareholder’s deficit:

Ordinary shares, $1.00 par value, 100,000,000 shares authorized; 5,000,000 shares issued and outstanding at December 31, 2009 and December 31, 2010 respectively.

Paid-in capital

Accumulated deficit

Accumulated other comprehensive loss

Total Intelsat S.A. shareholder’s deficit

Noncontrolling interest

Total liabilities and shareholder’s deficit

Cash flows from operating activities:

Net loss

Adjustments to reconcile net loss to net cash provided by operating activities:

Depreciation and amortization

Provision for doubtful accounts

Foreign currency transaction (gain) loss

Loss on disposal of assets

Share-based compensation expense

Deferred income taxes

Amortization of discount, premium, issuance costs and other non-cash items

Interest paid-in-kind

(Gain) loss on early extinguishment of debt

Share in gain of unconsolidated affiliates

Gain on sale of investment

Unrealized losses on derivative financial instruments

Other non-cash items

Changes in operating assets and liabilities:

Receivables

Prepaid expenses and other assets

Accounts payable and accrued liabilities

Deferred revenue

Accrued retirement benefits

Other long-term liabilities

Net cash provided by operating activities

Cash flows from investing activities:

Payments for satellites and other property and equipment (including capitalized interest)

Other investing activities

Net cash used in investing activities

Cash flows from financing activities:

Repayments of long-term debt

Proceeds from issuance of long-term debt

Repayment of loan proceeds received from Intelsat Holdings

Capital contributions from parent

Debt issuance costs

Payment of premium on early retirement of debt

Noncontrolling interest in New Dawn

Principal payments on deferred satellite performance incentives

Principal payments on capital lease obligations

Net cash provided by (used in) financing activities

Effect of exchange rate changes on cash and cash equivalents

Net change in cash and cash equivalents

Cash and cash equivalents, beginning of period

Cash and cash equivalents, end of period

Supplemental cash flow information:

Interest paid, net of amounts capitalized

Income taxes paid

Supplemental disclosure of non-cash investing activities:

Capitalization of deferred satellite performance incentives

Cash flows from operating activities:

Net loss

Adjustments to reconcile net loss to net cash provided by operating activities:

Depreciation and amortization

Impairment of asset value

Provision for doubtful accounts

Foreign currency transaction gain

Loss on disposal of assets

Share-based compensation expense

Deferred income taxes

Amortization of discount, premium, issuance costs and other non-cash items

Interest paid-in-kind

(Gain) loss on early extinguishment of debt

Share in gain of unconsolidated affiliates

Gain on sale of investment

Unrealized (gains) losses on derivative financial instruments

Other non-cash items

Changes in operating assets and liabilities:

Receivables

Prepaid expenses and other assets

Accounts payable and accrued liabilities

Deferred revenue

Accrued retirement benefits

Other long-term liabilities

Net cash provided by operating activities

Cash flows from investing activities:

Payments for satellites and other property and equipment (including capitalized interest)

Proceeds from sale of other property and equipment

Proceeds from sale of investment

Capital contributions to unconsolidated affiliates

Other investing activities

Net cash used in investing activities

Cash flows from financing activities:

Repayments of long-term debt

Proceeds from issuance of long-term debt

Repayment of loan proceeds received from Intelsat Holdings

Capital contributions from parent

Debt issuance costs

Payment of premium on early retirement of debt

Noncontrolling interest in New Dawn

Principal payments on deferred satellite performance incentives

Principal payments on capital lease obligations

Net cash provided by financing activities

Effect of exchange rate changes on cash and cash equivalents

Net change in cash and cash equivalents

Cash and cash equivalents, beginning of period

Cash and cash equivalents, end of period

Supplemental cash flow information:

Interest paid, net of amounts capitalized

Income taxes paid

Supplemental disclosure of non-cash investing activities:

Capitalization of deferred satellite performance incentives

Accrued capital expenditures

Year Ended

December 31,

Year Ended

December 31,

Net cash provided by operating activities

Payments for satellites and other property and equipment (including capitalized interest)

Free cash flow from operations